PPT-CHAPTER 13: NON-FINANCIAL AND CURRENT LIABILITIES

CHAPTER 13 NonFinancial and Current Liabilities After studying this chapter you should be able to Understand the importance of nonfinancial and current liabilities from a business perspective. 5 CC 35 100 100 CC brPage 4br brPage 5br brPage 6br 8486 brPage 7br brPage 8br SUPPLY CURRENT mA 08 06 04 02 10 20 040 SUPPLY VOLTAGE V amb 7057520C amb 12557520C amb 057520C amb 2557520C amb 5557520C INPUT CURRENT nA 20 10 20 040 SUPPLY VOLTAGE V PRINCIPLES OF . FINANCIAL ACCOUNTING . CANADIAN EDITION. Chapter 10. Current Liabilities. Prepared by. :. Debbie . Musil. Kwantlen. Polytechnic University. 1. Copyright John Wiley & Sons Canada, Ltd. . Accounting . for. Legal . Reorganizations. . and . Liquidations. Copyright © 2015 . McGraw-Hill . Education.. . All . rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Stockholders’ Equity. CHAPTER 8. Learning Objectives. After studying this chapter, you should be able to:. Describe how businesses finance their operations. Describe and illustrate current liabilities, notes payable, taxes, contingencies, and payroll. 2.02. Elements of a Financial Statement (Net . Worth Statement. Total assets= current assets + non-current assets. Current- items quickly converted into cash or that will be sold within 12 months. Examples: cash, checking, savings, stocks, bonds, and cash in value of life insurance, money others owe you, current non-depreciable inventory . Non - - Secure Item***Non - Secure Item***Non - Secure Item ISTEP+ Applied Skills Sample for Classroom Use ELA – Grade 6 (Constructed - Response, Extended - Response) 1 Excerpt from The Win Understand . the importance of non-financial and current liabilities from a business perspective.. Define . liabilities, distinguish financial liabilities from other liabilities, and identify how . they . 10. Learning Objectives. Explain how to account for . current liabilities. .. Describe the major . characteristics of . bonds.. Explain how to account for . bond transactions. .. 3. Explain how to account for long-term notes payable.. What is a Balance Sheet?. The . capital balance . of the farm account. Assets and Liabilities. Usually calculated at the . financial year end. Why is it useful?. Indicates longer term . financial stability. 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. Two Hands on the Wheel. 2016. Objectives. Get you familiar with basic financial documentation. Balance Sheet. Cash Flow. Statement of Cash Flow. Cash Flow Budget. Record Keeping. Income Statement. Net Farm Income. Professor Payne, Finance 4100. Learning Objectives. Calculate your level of net worth or wealth using a balance sheet.. Analyze where your money comes from and where it goes using an income statement.. TheAlso known as a Statement of Financial PositionSourceshttps//nonprofitsassistancefunddocalyticscom/v/balance-sheet-cheat-sheet-2014http//wwwnonprofitfinancefundorg/sites/default/files/22-1christoph Basic Financial Statements. Authors:. Rodney L. Sharp. John P. Hewlett. Jeffery E. Tranel. Session Two. Jack and Joanie. Another Life Transition:. They are considering expanding their business to include a sheep enterprise.