Accounting I Chapters 1 Thru 9 Century 21 Accounting

Integrity – Adherence to moral and ethical principles; soundness of moral character; honesty
EBIT/Operating margin – = operating profit/net sales
Charted – Accounting firm with people/business as clients
dual effect of transaction – affects one or more parts of the accoutning equation
must balance
Account Receivable – sales of goods and services
reasons for treasury stock – 1. reissue share to employees as compensation
2. reduce the number of outstanding shares to increase earnings per share
3. confidence in the company
4. considered issued, not outstanding
Debt Inv. – Trading – Balance sheet – fair value (if not readily determinable then cost)
Income statement – interest income, realized and unrealized gains and losses
an investment occurs (increases) when the company takes excess cash and purchases (invests in) a financial instrument (stocks or bonds) to earn more money – …
In this module we read about the RBS calculator, briefly explain how the RBS calculator is able to predict the strength of a RBS. Why isn't there a similar tool to predict the strength of promoters?
Statement of Earnings or
Statement of Operations – what is the other name for the income statement
check – a written order telling the bank to pay a stated amount
special amount column – journal amount headed with a title
Merchandise/Inventory. – Goods purchased for resale at a profit.
expanded accounting equation – Assets= Liabilities + Capital – Withdrawals + Revenue – Expenses.
Main components of a Balance Sheet – Assets, Liabilities and OE
In this mоdule we reаd аbоut the RBS cаlculatоr, briefly explain how the RBS calculator is able to predict the strength of a RBS. Why isn't there a similar tool to predict the strength of promoters?
Common Fixed costs – -support operations of more than one segment
-exist even if segment is eliminated
-not controllable to segment managers
-should not be allocated to individual segments

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