Accounting

[NorthwesternFan]

Is there a more boring profession in the world?

VALUATION OF ACCOUNTS RECIEVEABLE

ACCOUNTS RECEIEVEABLE- ALLOWANCE OF DOUBTFUL ACCOUNTS

PERCENTAGE OF NET CREDIT SALES- ESTIMATION TECHNIQUE DERIVED FROM BAD DEBTS AND NET CREDIT SALES


LIFO

FIFO

DEPRECIATION

STRAIGHT LINE

FOB SHIPPING

FOB DESTINATION

BOOK VALUE=COST-ACCUMULATED DEPRECIATION

AMORTIZATION- ACQUISITON -RESIDUAL VALUE OF INTANGIBLE ASSETS

INTANGIBLE ASSETS- PATTONS AND COPYRIGHTS AND ALL THAT GOOD SHIT


BOND-WAY TO BORROW MONEY OR REPAY A LOAN OVER A LONG PEROD OF TIME

ASSETS=LIABLIES + OWNERS EQUITY(REVENUES-EXPENSES)

TOTAL STOCKHOLDERS EQUITY=CONTRIBUTED CAPITAL +RETAINED EARNINGS

WORKING CAPITAL=CURRNET ASSETS-CURRENT LIABLILITIES

STATEMENT OF CASH FLOWS

DIRECT METHOD-CASH RECEIPTS AND CASH PAYMENTS ARE RECORDED

INDIRECT METHOD- NET INCOME IS RECORDED TO NET CASH FLOW FROM OPERATIVES

ACCURAL ACCONTING- ACCOUNTANTS DONT RECONGNIZE SALE UNTIL CUSTOMER RECIEVES GOOD

DEFFERED EXPENSE- CASH PAID BEFORE GOOD ISS INCURRED


50 IMPOSSIBLE MULTIPLE CHOICE QUESTIONS ON THIS GARBAGE!!!

YAY!!

[Jayhawk]

not hard.

[Gibby]

I could do it in my sleep if I really wanted to. Have fun and good luck washing out. Only four more exams to bomb until you get a perfect 0.0

[NorthwesternFan]

I could do it in my sleep if I really wanted to. Have fun and good luck washing out. Only four more exams to bomb until you get a perfect 0.0

Suuure you can..

I can write History papers in my sleep..

[Gibby]

Suuure you can..

I can write History papers in my sleep..

Wow so can I.

[Jayhawk]

I can do my history ones blind, but after all my degree is European history

[Mouldsie]

I can make the poopies

[Jayhawk]

lol

[Gibby]

I can do my history ones blind, but after all my degree is European history

So's mine and there is a very good chance I will be getting my PhD in Russian Studies at KU.

[Ru]

Don't be dissin' the accounting profession you ****ing *******.

[JLB]

Suuure you can..

I can write History papers in my sleep..

Thats cool American History?

[Gibby]

Thats cool American History?

Have you seen what he wrote about Reagan?

[JLB]

Have you seen what he wrote about Reagan?

No do I want to?

[Jayhawk]

nopes

[Gibby]

JLB, its bad he called Ronnie the worst ever. I have ronnie tied for tenth best ever.

[JLB]

nopes

It's gotta be bad huh?