PPT-7 After studying this chapter, you should be able to:

Understand cash and accounts receivable from a business perspective Define financial assets and identify items that are considered cash and cash equivalents and how they are reported Define receivables and identify the different types of receivables from an accounting perspective. You should check with your course provider to find out if your cou rse is eligible for funding and x completing between 11 9 SCQF credits 120 with a non campus based university each academic year and x not receiving support from any other overnment An eligible beneficiary could have only one ABLE account which must be established in the state in which he resides or in a state that provides ABLE account services for his home state An ABLE account may not r eceive annual contributi ons exceeding Lexington Home Brands courtesy of AmericanFurniture Manufacturers Association demanding the most skill are channeling andFigure 10-1. The technique is normally done onlyTufting padding, usually by tug Understand basic accounting terminology.. Explain double-entry rules.. Explain how transactions affect the accounting equation.. Identify the steps in the accounting cycle and the steps in the recording process.. Understand the economics and legalities of selling transactions from a business perspective.. Analyze and determine whether a company has earned revenues.. Discuss issues relating to measurement and measurement uncertainty.. Understand . why earnings per share (EPS) is an important number.. Understand . when and how earnings per share must be presented, including related disclosures.. Calculate . earnings per share for companies with a simple capital structure.. Understand how firms create value and manage performance.. Understand how users use information about performance to make decisions.. Understand the concept of and be able to assess quality of earnings/information.. 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 . Understand the importance of property, plant, and equipment from a business perspective.. Identify the characteristics of property, plant, and equipment assets.. Identify the recognition criteria for property, plant, and equipment.. Understand the nature of long-term debt financing arrangements.. Understand how long-term debt is measured and accounted for.. Understand when long-term debt is recognized and derecognized, including how to account . Indicate the usefulness and describe the main components of a conceptual framework for financial reporting.. Identify the qualitative characteristics of accounting information.. Define the basic elements of financial statements.. Understand . the importance of cash flows from a business perspective.. Describe . the purpose and uses of the statement of cash flows.. Define . cash and cash equivalents.. Identify . the major classifications of cash flows and explain the significance of each classification.. Understand . the nature of investments including which types of companies have significant investments.. Explain and apply the cost/amortized cost model of accounting for investments.. Explain and apply the fair value through net income model of accounting for investments.. 5 Research-ByEdward KangToo often people imagine that long hours of studying are the best path to being a model straight-A student Yetresearch showsthat highly successful students actually spend less