Course Info
- Instructor: TODO
- Textbooks: Online
Midterm logistics
- content: ch. 1-4
- need: pencil, scantron, calculator (graphing OK), student ID or DL
- format: multiple choice, T/F, and matching
- size: 40 questions (1.25 pt ea.), worth 50 pts
- duration: full class period
- study guide available
(Midterm 1 content)
- basic accounting equation
- equity = common stock + retained earnings
- In financial documents, use to denote a negative amount as opposed to a negative sign.
- annual report
- accounts receivable
- accounts payable
- notes payable
- common account types
- assets: cash (must be listed first), accounts receivable, equipment, land, etc
- liabilities: notes payable, accounts payable, etc
- revenue: earnings, sales, service fees earned, etc
- expense: insurances fees, supplies, salaries, rent, dividends, etc
- equity: common stock, retained earnings (from previous period, i.e., does not include current net income), etc
- operating/financial/investing cash inflow or outflow: cash purchases, cash received from sales, etc
- financial statements
- income statement (IS)
- balance sheet (BS)
- statement of cash flows (SCF)
- statement of stockholders’ equity (SSE)
TODO: 2024-04-09 and beyond