1st Edition
ACCOUNTG 221: Intro to Acctg I
School: University of Massachusetts Amherst (UMass Amherst )
-
Pages: 2This notes introduce how to journalize common stock transactions along with treasury stock. We also discuss stock splits and the different types of shares. -
Pages: 2These notes reteach how to calculate the issue price of a bond and how they are sold and amortized in an amortization schedule. -
Pages: 2These notes discuss how to find the effective rate, the issue price, and the amount of interest expense on a bond. -
Pages: 2These notes introduce how to calculate the cash proceeds of a bond when given various information. We also discuss whether bonds are sold at premiums, discounts or issue price. -
Pages: 2These notes talk about time value of money and interest. It also describes the difference between simple and compound interest and how it works. -
-
Pages: 2These notes discuss more of the depreciation methods that we did not get to on the Tuesday lecture. Also we learn about expensing intangible assets and the difference between current and noncurrent asset. -
Pages: 2These notes introduce how to calculate depreciation and when to capitalize an asset or expense it. -
Pages: 2These notes introduce Chapter 8 material such as tangible and intangible assets. -
Pages: 2These notes discuss what an uncollectible account is and how to perform a write off and reinstatement of a account. -
Pages: 3These notes introduce how to calculate the cost of inventory using the four different methods of determining inventory cost flow -
Pages: 3Wrap up of Chapter 4 including sales revenue, sales returns, sales allowances, and sales discounts -
Pages: 3These notes explain what transportation costs, discounts, and sales returns and allowances are. -
Pages: 3These notes introduce accounting for merchandising businesses. We learn new accounts such as inventory, inventory cost, and cost of goods sold. -
Pages: 2These notes introduce interest and how to calculate it. They also discuss what a note payable is and how to record such a transaction. -
Pages: 4These notes introduce the idea of debits and credits and how each account is affected by them. There are examples included to help clarify the differences between debits and credits for each account. These notes also include a short review of classify accruals and deferrals. -
Pages: 2These notes outline the 4 steps in the accounting cycle. We then delve into what deferrals are and go through various deferral example that require adjustments at the end of the year. -
Pages: 2Professor Lowry did a lot of talking about accruals and deferrals. -
-
Pages: 2What is a transaction? What do financial statements look like and how do you form them?