PreparED Study Materials
BUS 3350: Legal Environment of Business
School: University of Tennessee - Chattanooga
Number of Notes and Study Guides Available: 4
Notes
Study Guides
Videos
Cost vs. Market: Decoding Inventory Valuation in Financial Accounting
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Unpack the complexities of the 'Cost' and 'Market' concepts in financial accounting. Explore how inventory valuation impacts a business's financial health and the importance of conservative valuation in financial reporting.
Client-Server Model: Powering Modern Computing
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Discover the essence of the client-server model, a pivotal pattern in computer networks. The server, a centralized entity, offers services to distributed clients over networks. This model is foundational for web browsing, online gaming, and various enterprise systems.
Contra Revenue Accounts: Adjusting for True Revenue in Accounting
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Discover the unique role of contra revenue accounts in accounting, emphasizing their debit balance nature and their use in adjusting gross revenue. Explore examples like sales discounts, returns, and allowances to grasp their impact on a company's reported income.
Enhancing Transparency with Discretionary Reporting
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Discretionary Reporting offers a deeper look into a company's finances beyond standard requirements. By voluntarily providing added details, it enhances transparency, aids stakeholders, and effectively communicates unique circumstances. But, companies must ensure consistency and uphold ethical practices
nderstanding Overhead Rates in Cost Accounting: Key Steps
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Understand the significance of the predetermined overhead rate in cost accounting. Learn the step-by-step process of estimating overhead costs, choosing the allocation base, and allocating these costs to products. Grasp the importance of accurate cost representation for effective decision-making.
Accounting Essentials: Making Information Relevant & Reliable
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore the pillars of accounting information: Relevance and Reliability. Understand sub-components like predictive value, timeliness, and verifiability. Discover how these qualities enhance decision-making in finance