Search
- Filter Results
- Location
- Classification
- Include attachments
- https://biz.libretexts.org/Bookshelves/Accounting/Accounting_in_the_Finance_World/04%3A_How_Does_an_Organization_Accumulate_and_Organize_the_Information_Necessary_to_Prepare_Financial_Statements/4.02%3A_The_Effects_Caused_by_Common_TransactionsThis page teaches that every transaction in accounting affects at least two accounts, emphasizing the cause and effect relationship. Examples include sales of inventory and payment of liabilities, sho...This page teaches that every transaction in accounting affects at least two accounts, emphasizing the cause and effect relationship. Examples include sales of inventory and payment of liabilities, showing how transactions impact assets, liabilities, and equity. Additionally, in a perpetual inventory system, the cost of goods sold is recognized upon sale, highlighting the expense linked to sold inventory. Understanding these changes is crucial for accurate accounting.
- https://biz.libretexts.org/Bookshelves/Accounting/Accounting_in_the_Finance_World/04%3A_How_Does_an_Organization_Accumulate_and_Organize_the_Information_Necessary_to_Prepare_Financial_Statements/4.03%3A_An_Introduction_to_Double-Entry_BookkeepingThis page explains double-entry bookkeeping, a critical financial accounting method with over 500 years of history. It covers the four-step accounting process (analyze, record, adjust, report), T-acco...This page explains double-entry bookkeeping, a critical financial accounting method with over 500 years of history. It covers the four-step accounting process (analyze, record, adjust, report), T-accounts, and the rules of debits and credits. It emphasizes that transactions must always balance (debits equal credits) to ensure accurate financial statements reflecting a company's operations over time, thereby maintaining clarity and organization in reporting.
- https://biz.libretexts.org/Bookshelves/Accounting/Accounting_in_the_Finance_World/13%3A_In_a_Set_of_Financial_Statements_What_Information_Is_Conveyed_about_Current_and_Contingent_Liabilities/13.05%3A_End-of-Chapter_ExercisesThis page covers accounting principles related to liabilities, including warranties and contingent liabilities, with a focus on current and noncurrent liabilities, accrued liabilities, and financial r...This page covers accounting principles related to liabilities, including warranties and contingent liabilities, with a focus on current and noncurrent liabilities, accrued liabilities, and financial ratios. It includes practical problems requiring transaction recording and financial ratio assessment.
- https://biz.libretexts.org/Bookshelves/Finance/Book%3A_Finance_Banking_and_Money/02%3A_The_Financial_System/2.06%3A_Financial_IntermediariesFinancial intermediaries, including depository institutions (commercial banks, savings banks, credit unions) and insurers (life, health, property, and casualty), can be grouped by the composition of t...Financial intermediaries, including depository institutions (commercial banks, savings banks, credit unions) and insurers (life, health, property, and casualty), can be grouped by the composition of their balance sheets (nature of their assets and liabilities and the asset transformations they undertake) or their ownership structure, the origin of their corporate charters, and/or the identity of their regulators.
- https://biz.libretexts.org/Courses/HACC_Central_Pennsylvania's_Community_College/Introduction_to_Business_(Gifford)/13%3A_Accounting/13.04%3A_Basic_Accounting_ProceduresThe accounting equation must always be in balance (that is, the total of the elements on one side of the equals sign must equal the total on the other side). Accountants can use data analytics to make...The accounting equation must always be in balance (that is, the total of the elements on one side of the equals sign must equal the total on the other side). Accountants can use data analytics to make more accurate and detailed forecasts; help companies link diverse financial and nonfinancial data sets, which provides a more comprehensive reporting of their overall performance to shareholders and others; assess and manage risk across the entire organization; and identify possible fraud.
- https://biz.libretexts.org/Workbench/MGT_1010/01%3A_Introductory_Business/1.01%3A_Book-_Introduction_to_Business_(OpenStax)/1.1.14%3A_Using_Financial_Information_and_Accounting/1.1.14.04%3A_Basic_Accounting_ProceduresThe accounting equation must always be in balance (that is, the total of the elements on one side of the equals sign must equal the total on the other side). Accountants can use data analytics to make...The accounting equation must always be in balance (that is, the total of the elements on one side of the equals sign must equal the total on the other side). Accountants can use data analytics to make more accurate and detailed forecasts; help companies link diverse financial and nonfinancial data sets, which provides a more comprehensive reporting of their overall performance to shareholders and others; assess and manage risk across the entire organization; and identify possible fraud.
- https://biz.libretexts.org/Bookshelves/Accounting/Accounting_in_the_Finance_World/zz%3A_Back_Matter/20%3A_GlossaryThis page offers a comprehensive glossary of accounting terms, providing definitions for key concepts such as depreciation, inventory, dividends, and financial reporting standards like GAAP. It covers...This page offers a comprehensive glossary of accounting terms, providing definitions for key concepts such as depreciation, inventory, dividends, and financial reporting standards like GAAP. It covers a wide range of topics including executed contracts, financial ratios, and corporate structures, emphasizing the importance of accurate financial management and reporting practices.
- https://biz.libretexts.org/Bookshelves/Accounting/Accounting_in_the_Finance_World/13%3A_In_a_Set_of_Financial_Statements_What_Information_Is_Conveyed_about_Current_and_Contingent_Liabilities/13.04%3A_Accounting_for_Product_WarrantiesThis page covers key learning objectives about product warranties, including the distinction between embedded and extended warranties, accounting for warranty liabilities, and recognizing expenses rel...This page covers key learning objectives about product warranties, including the distinction between embedded and extended warranties, accounting for warranty liabilities, and recognizing expenses related to revenue. It uses General Electric and Safeway Inc. as examples to illustrate warranty liabilities and inventory purchases, highlighting the significance of accounts payable aging in assessing financial health. The average age of accounts payable for Safeway decreased to 28.
- https://biz.libretexts.org/Bookshelves/Accounting/Accounting_in_the_Finance_World/05%3A_Why_Must_Financial_Information_Be_Adjusted_Prior_to_the_Production_of_Financial_Statements/5.03%3A_Preparing_Financial_Statements_Based_on_Adjusted_BalancesThis page outlines learning objectives for adjusting entries, financial statement preparation, and closing entries. It discusses unearned revenue as a liability, the creation of an adjusted trial bala...This page outlines learning objectives for adjusting entries, financial statement preparation, and closing entries. It discusses unearned revenue as a liability, the creation of an adjusted trial balance, and the preparation of financial statements, including cash flows. The section concludes with an explanation of closing entries that reset temporary accounts and update retained earnings for accurate reporting in the new fiscal year.
- https://biz.libretexts.org/Courses/Folsom_Lake_College/BUS_350%3A_Small_Business_Management_Entrepreneurship_(Buch)/03%3A_The_Business_Plan_-_Marketing_Organization_Location_Finances/08%3A_Financial_Statements_and_Plan/8.03%3A_Using_Financial_Information_and_Accounting/8.3.04%3A_Basic_Accounting_ProceduresThe accounting equation must always be in balance (that is, the total of the elements on one side of the equals sign must equal the total on the other side). Accountants can use data analytics to make...The accounting equation must always be in balance (that is, the total of the elements on one side of the equals sign must equal the total on the other side). Accountants can use data analytics to make more accurate and detailed forecasts; help companies link diverse financial and nonfinancial data sets, which provides a more comprehensive reporting of their overall performance to shareholders and others; assess and manage risk across the entire organization; and identify possible fraud.
- https://biz.libretexts.org/Bookshelves/Accounting/Accounting_in_the_Finance_World/02%3A_What_Should_Decision-makers_Know_So_That_Good_Decisions_Can_Be_Made_about_an_OrganizationThis page outlines essential aspects of organizational decision-making, focusing on building a comprehensive organizational profile, managing uncertainty, and the significance of Generally Accepted Ac...This page outlines essential aspects of organizational decision-making, focusing on building a comprehensive organizational profile, managing uncertainty, and the significance of Generally Accepted Accounting Principles (GAAP). It also introduces four key financial accounting terms and includes practical exercises for application.
