Accounting crash - Study guides, Class notes & Summaries

Wall Street Prep: Accounting Crash Course(questions and answers)

Wall Street Prep: Accounting Crash Course(questions and answers) Questions and Answers Latest (2023 / 2024) (Verified Answers)

What is Accounting? Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for: The firm's officers (managers and employees) Investors Lenders General public Standard financial statements serve as a "yardstick" of communicating financial performance to the general public. Why is Accounting Important? Enables managers to make corporate decisions Enables the g...

10-K vs. 10-Q Above vs. Below the Line Above the Line: Everything above Operating Income on the I/S that's tied to the core operations of a business Below the Line: Everything below Operating Income Accelerated Depreciation Method Methods that calculate a greater amount of depreciation in earlier years than later years Common Methods: Declining balance Sum of years digits Units of production The Accounting Equation Every transaction can be viewed as having two sides -- the source...

Accounting Crash Course, Questions and Correct Answers. Accounting is important for firm's officers, investors, lenders, and the general public Generally Accepted Accounting Principles (GAAP) a set of accounting standards that is used in the preparation of financial statements Securities and Exchange Commission (SEC) -division of corporate finance: oversees financial reporting by corporations Financial Accounting Standards Board (FASB)

WALL STREET PREP ACCOUNTING CRASH COURSE INTRODUCTION& THE INCOME STATEMENT EXAM WITH QUESTIONS AND WELL VERIFIED ANSWERS [GRADED A+} ACTUAL 100% What is accounting? • Accounting is the language of business. It is a standard set of rules for measuring a firm's financial performance. Assessing a company's financial performance is important for many groups, including: • The firm's officers (managers and employees) • Investors (current and potential shareholders) • Lenders (ban...

WALL STREET PREP;ACCOUNTING CRASH COURSE EXAM WITH QUESTIONS AND WELL VERIFIED ANSWERS [GRADED A+] REAL EXAM 100% What is Accounting? Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for: The firm's officers (managers and employees) Investors Lenders General public Standard financial statements serve as a "yardstick" of communicating financial performa...

Wall Street Prep Accounting Crash Course Exam 1. What is Accounting?: Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for:

ACCOUNTING CRASH COURSE EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/100% GUARANTEED PASS! ALREADY GRADED+