CH-19.PPT 1139KB Jun 05 2011 09:30:31 PM
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– areas of management levels, marketing, sales, advertising, products, physical distribution, market research, legal, controller,. manufacturing, production control, engineering,
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Posted to the GL.Posting: The carrying of the essential facts from the journal to the
information.Only quantifiable information included.Quality of earnings must be assessed.Manipulation of income is possible (GAAP, intentions).Use of liberal (aggressive)
If usual overhead assignment not done, assign overhead to asset that would ve been assigned to foregone
Identify reasons why depreciation methods are selected.Explain the accounting issues related to asset impairment.Explain the accounting procedures for the depletion of
Stated amount (principle or par).Maturity date.Periodic interest (stated rate determines cash interest).Types of Bonds Payable:Secured--backed by some form of
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