PPT-Financial Accounting Lesson 8: Liabilities and Present Value

Ben TrnkaBoz Bostrom wwwbenandbozcom Liabilities will differ by company and industry Overview Understand how to account for liabilities Understand how to compute future value of a single amount and an annuity. he year Design Value s based on the average of a 3 year period which includes the selected year plus the two prior years Also displayed is the following informat on for each year the umber of Complete Quarters for that year the 99 th Percentil samp India Email vinodvinodkotharicom Phone 913322817715 228113742 22811276 Fax 91 33 22811276 22813742 Fax 91 33 22811276 22813742 brPage 2br copyright copyright This Presentation is the property of Vinod Kothari and no part of it can be copied reproduc Bradley J. Hilty . . Business & Information . Management Specialist. . Penn State University - Dairy Alliance . bhilty@psu.edu. . An Innovative Approach to Teaching Proper Accounting Principles and Practices to Non-Accountants. Financial Reporting mechanics. Business activities and . financial statement elements. Business . Activities. Operating. Sell products or services to generate . revenue. 1. Incur . expenses. 2. . while . Accounting, Fourth Edition. 10. Explain a current liability and identify the major types of current liabilities.. Describe the accounting for notes payable.. Explain the accounting for other current liabilities.. RICHARD G. SCHROEDER . MYRTLE W. CLARK . JACK M. CATHEY. THEORY . AND. ANALYSIS: . TEXT AND CASES. 11. TH. EDITION. Chapter 2. The Pursuit of the Conceptual Framework. Introduction. What is the conceptual framework?. Chapter 9. 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 & Managerial Accounting. 59. th. Annual V.G. Young Institute School for . County Commissioners Courts. February 8-10, 2017. Donna . Thornton, CPA CIO. Objectives Part One. Discuss and Analyze the Differences . B. etween . G. Determinable (certain) current liabilities. Operating line of credit and bank overdraft. Short-term notes payable. Sales and property taxes. Current maturities of long-term debt. Uncertain liabilities. Insurers produce financial statement prescribed by NAIC. Filed with insurance department of regulators. Based on Statutory Accounting Principles. More conservative than GAAP. SAP - . 2. Policyholders’ Surplus. Copyright 2014-2015 AICPA Unauthorized copying prohibited. Fraud Involving the Understatement of Liabilities. The factors that make frauds difficult to detect are things such as. Collusion by outsiders, such as bank executives. Counties and Municipalities. 9/8/2016. Tab.13.1 . $$. Systematic . Tracking. State . Statutes. Principles of Accounting. Transparency. All Financial Transactions. State Regulations. Local Laws/Ordinances. a World of Financial . Engineering: Accounting and the Global Financial Crisis. Shyam. Sunder, Yale University . Journal of Accounting and Public Policy Conference on. Accounting and the World Economic Crisis. Worldwide accounting diversity and convergence. What is International Accounting?. Accounting . The word . accounting. . in International accounting encompasses: Functional areas of financial accounting, management accounting, auditing, taxation...