Home // Accounting

PPT : Accounting Information System – Principles of Financial Accounting

Content Inside :

Analyzing Transactions
• Analyze the transaction and its source.
• Identify the impact of the transaction on account balances.
• Identify the financial statements that are impacted by the transaction.
Transaction Analysis – Part 1 (Text p. 47)
* On December 1, Chuck Taylor forms an athletic shoe consulting business. He sets it up as a corporation. Taylor owns and manages the business. The marketing plan for the business is to focus primarily on consulting with sports clubs, amateur athletes and others who place orders for athletic shoes with manufacturers.
Transaction Analysis – Part 1 (Text p. 47)
* Taylor personally invests $30,000 cash in the new company in exchange for common stock, and deposits the cash in a bank account opened under the name of FastForward, Inc.
Transaction Analysis – Part II (Text p. 50)
* To illustrate how revenue recognition works, let’s return to FastForward’s transactions.

Revenue Recognition Principle
• Revenue is recognized when earned.
• Assets received from selling products and services need not be in cash.
• Revenue recognized is measured by the cash received plus the cash equivalent (market) value of any other assets received.

“One must learn by doing the thing; though you think you know it, you have no certainty until you try it.”

My be you need full description for PPT : Accounting Information System – Principles of Financial Accounting, you can download this PPT : Accounting Information System – Principles of Financial Accounting or online view this PPT : Accounting Information System – Principles of Financial Accounting document. This PPT : Accounting Information System – Principles of Financial Accounting powerpoint presentation available from category Accounting. Download Seminar Paper Powerpoint Presentation PPT : Accounting Information System – Principles of Financial Accounting PPT slide and get information about PPT : Accounting Information System – Principles of Financial Accounting.

PPT : Accounting Information System – Principles of Financial Accounting.ppt


PPT : Accounting Information System – Principles of Financial Accounting Category : Accounting
Source : www.cbpp.uaa.alaska.edu
File Size : 1.8 Mb
Language : English
Online View : Preview
Download : 413 times

Share this info:

accounting information system ppt

Tags: , , ,

"We do our best to publish and share Non Copyrighted Material on this blog, We merely take the power of Google Search(ppt search), forums, social bookmarks to find those materials and link to it. None of those materials are hosted in this server. We are neither affiliated with authors of any site nor responsible for its content and change of content. If you see unrelated pdf files with the description or copyrighted materials published on this blog, please contact us, we'll take action as soon as possible. Please read our Disclaimer for more detail."

Get Latest Update for Seminar PPT

Enter your email address:

Related Presentation