Accounting For Managers Week 1 Notes
Accounting For Managers Week 1 Notes ACCT 3309
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This 1 page Class Notes was uploaded by Hannah Archuleta on Thursday September 24, 2015. The Class Notes belongs to ACCT 3309 at University of Texas at Arlington taught by Annette Thompson Himele in Summer 2015. Since its upload, it has received 51 views. For similar materials see Accounting for managers in Accounting at University of Texas at Arlington.
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Date Created: 09/24/15
Accounting 3309 Depreciation September 2 2015 Professor Annette Thompson Accounting is a system and process to keep score Accounting keeps companies in a standardized positions Accounting information is documenting history Documenting was Accounting I If you do not understand the rules you cannot analyze financial reports therefore every business individual needs to know Accounting Review of Accounting Assets Liabilities Owner s Equity Statement will be found on the Balance Sheet TAccount Debit Credit Assets Liabilities Balance Sheet BS Equity Expenses IncomeRevenue come Statement lS Retained Earnings from Revenue turn into Equity lf Income is greaterthan Expenses your Equity goes up ie Assets exceed Liabilities you have Owner s Equity Three Financial Statements of Accounting Balance Sheet Income Statement Statement of Cash Flows
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