PPT-ADJUSTING THE ACCOUNTS

CHAPTER 9 What are Adjustments Adjustments are exactly what the name suggests they are adjustments made to the books of a company at the end of the accounting cycle Adjustments are made to ensure that financial information adheres to GAAPs. 2004 W ESTSLOPE C UTTHROAT T ROUT Oncorhynchus clarki lewisi Original prepared by Stephen Bennett Species Information Taxonomy The Westslope Cutthroat Trout is one of 14 sub species of interior Cutthroat Trout Oncorhynchus clarki native to western Chart of Accounts. Ten chartfields (or segments). Records the financial effect of each transaction. Provides flexibility to allow for internal and external financial reporting. Specific combination of chartfields brings meaning to transaction. . ADJUSTING RECIPES. Increasing or Decreasing . a Recipe Yield. Changing Ingredients. 2.04C Adjusting Recipes. 1. 2. The YIELD of a recipe tells how many people you can serve and how much each person will get.. Data . Structures. Self-Adjusting. Data . Structures. 2. Lists. [D.D. . Sleator. , R.E. . Tarjan. , . Amortized Efficiency of List Update Rules. , Proc. 16. th. Annual ACM Symposium on Theory of Computing, 488-492, 1984]. Chapter 3. 1. Adjusting Attack. 2. Accrual versus cash-basis accounting & key elements of accrual accounting. Adjusting entries, why, what, how. Using the worksheet. to facilitate the process. Accrual versus cash-basis accounting. Adjusting and Maintaining Power Woodworking Equipment. Stationary Woodworking Equipment. Represents a large equipment investment. Equipment requires readjustment over time. Properly adjusted equipment lasts longer. Chapter . 9. CHAPTER TERMS AND CONCEPTS. Automated valuation model. (AVM). Comparison process. Date of sale. Depreciated cost method. Direct comparison method. Economic unit of comparison. Elements of comparison method. Chapter 3. Copyright © 2016 McGraw-Hill Education.  All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Wild, Shaw, and . Chiappetta. Financial & . Data . Structures. Self-Adjusting. Data . Structures. 2. Lists. [D.D. . Sleator. , R.E. . Tarjan. , . Amortized Efficiency of List Update Rules. , Proc. 16. th. Annual ACM Symposium on Theory of Computing, 488-492, 1984]. Graphics. Adjusting Image Colors . Lasso & Marquee Tools. Review. Digital Image. Made up of dots called . pixels. Use Photoshop to add, modify, or delete pixels. Image Resolution. Spacing of pixels in an image. Unearned Revenue. Receipt of cash that is recorded as a liability because the revenue has not been earned.. Adjusting Entries for “Unearned Revenues”. rent. airline tickets. school tuition. Cash Receipt. D. D. . Sleator. and R. E. . Tarjan. | AT&T Bell Laboratories. Journal of the ACM . | Volume 32 | Issue 3 | Pages 652-686 | 1985. Presented By: . James A. Fowler, Jr. | November 30, 2010. George Mason University | Fairfax, Virginia. Accruals. Made to record:. . Revenues earned and . . OR. Expenses incurred . in the current accounting period that have not been recognized through daily entries.. Adjusting Entries for Accruals. Adjusting Entries . purpose of adjusting entries.. Prepaid expenses.. Unearned revenue.. Accrued expenses.. Accrued revenue.. T. he . purpose of adjusting entries. For . purposes of measuring income and preparing financial statements, the life of a business is divided into a series of accounting periods This practice enables decision makers to company, the financial statements of successive periods and to identify significant trends. But measuring net income for a relatively short accounting period such as a month even a year poses a .