...Study Plan for FNC1 Financial Accounting Concepts and Procedures Chapters 1-‐4 and Chapter 10 1. Understand Basic Accounting Concepts and Principles 2. Know what items are shown on a Balance Sheet, Income Statement, and Statement of Owners Equity 3. Know the Accounting equation 4. Understand debits and credits 5. Understand the timing of recording transactions 6. Understand when revenue and expenses are recoginized 7. Know how to calculate depreciation expense 8. Know how to calculate accumulated depreciation Long Term Liabilities Chapter 14 1. Starting on Page 845 make sure you know the 4 types of Bonds and their characteristics. 2. Make sure you understand Bond issue prices, Bonds issued at Par Value, at a Discount, and at a Premium. 3. Understand how to record interest expense when bonds are issued at par value, a discount, and a premium. Stocks and Dividends Chapters 13 1. Make sure you understand dividends and dividend policies Statement of Cash Flows Chapter 16 1. 2. 3. 4. Know what a Statement of Cash Flows is Understand the Direct and Indirect Method for preparing a Statement of Cash Flows Know the Catergories shown on a Statement of Cash Flows. Study the exhibit on page 940 for the indirect method. Know what gets added in and...
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...Study Plan for FNC1 Financial Accounting Concepts and Procedures – Chapters 1-4 and Chapter 10 1. Understand Basic Accounting Concepts and Principles 2. Know what items are shown on a Balance Sheet, Income Statement, and Statement of Owners Equity a. Items shown on Balance Sheet shows a companies: i. Assets ii. Liabilities iii. Stockholder's (or owner's) equity b. Items shown on Income Statement: i. The income statement shows revenues ii. Expenses iii. Gains and losses iv. It does NOT show cash receipts & cash disbursements c. Items shown on Statement of Owner's Equity: i. Paid-in Capital ii. Retained Earnings iii. Treasury Stock iv. Accumulated Other Comprehensive Income 3. Know the Accounting equation a. Assests = Liabilities + Equity 4. Understand debits and credits a. 5. Understand the timing of recording transactions 6. Understand when revenue and expenses are recognized a. Revenue Recognition Principal: Under the accrual basis of accounting, revenues are recorded when they are EARNED not when the company RECEIVES the money 7. Know how to calculate depreciation expense a. Straight-Line method of depreciation: (cost-residual value)/useful life depreciation method in which the depreciation expense is the same each period 8. Know how to calculate accumulated depreciation a. Cost principle: i. Reported on income statement, asset amount is reported on balance sheet, based on original cost b. Matching principle i. Asset's cost allocated to depreciation...
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...??? The adjustments for the month caused the revenue account to increase by $3,000 and the salaries expense account to increase by $5,000. How will these entries cause the $4,000 net loss shown on the trial balance to be reported on the income statement? As a net loss of $6,000 ??? Depreciation expense was incorrectly calculated and reported on the income statement at $5,000 for the period. The correct amount was $7,000. How will the change on the income statement impact the Statement of Cash flows? Operating activities on the revised Statement of Cash Flows will increase by $2,000 ??? For two years a company has shown common size comparisons on its balance sheets. Cash has increased by 1%, income has decreased by 9%, current debt has increased by 12%, and retained earnings have decreased by a large amount. What does the data indicate about the company? It is failing to maintain its financial strength and should have serious concerns about its net income ??? The statement of cash flows has been prepared using the indirect method. What is the effect on net cash provided by operating activities for the year? $15,000 decrease ??? What is the contributing margin? $100,000 ??? Which statement is correct? The company's cash account is strong, considering its level of sales and the accounts receivable ??? Which option correctly identifies the company's performance this year based on a horizontal analysis of the chart? Improvement based on operating income related to revenue ...
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...FNC1 Objective Assessment Based on Pre-Assessment 1. On which financial statement is the revenue account for the firm reported? A. Balance Sheet B. Statement of owner’s equity C. Income statement D. Statement of cash flows 2. The adjustments for the month caused the revenue account to increase by $3,000 and the salaries expense account to increase by $5,000. How will these entries cause the $4,000 net loss shown on the trial balance to be reported on the income statement? A. As a net loss of $2,000 B. As a net loss of $6,000 C. As a net loss of $7,000 D. As a net loss of $9,000 3. Depreciation expense was incorrectly calculated and reported on the income statement at $5,000 for the period. The correct amount was $7,000. How will the change on the income statement impact the Statement of Cash flows? A. Operating activities on the revised Statement of Cash Flows will decrease by $7,000 B. Operating activities on the revised Statement of Cash Flows will decrease by $2,000 C. Operating activities on the revised Statement of Cash Flows will increase by $2,000 D. Operating activities on the revised Statement of Cash Flows will increase by $7,000 4. For two years a company has shown common size comparisons on its balance sheets. Cash has increased by 1%, income has decreased by 9%, current debt has increased by 12%, and retained earnings have decreased by a large amount. What does the data indicate about...
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...QR Code Security Peter Kieseberg, Manuel Leithner, Martin Mulazzani, Lindsay Munroe, Sebastian Schrittwieser, Mayank Sinha, Edgar Weippl SBA Research Favoritenstrasse 16 AT-1040 Vienna, Austria [1stletterfirstname][lastname]@sba-research.org ABSTRACT This paper examines QR Codes and how they can be used to attack both human interaction and automated systems. As the encoded information is intended to be machine readable only, a human cannot distinguish between a valid and a maliciously manipulated QR code. While humans might fall for phishing attacks, automated readers are most likely vulnerable to SQL injections and command injections. Our contribution consists of an analysis of the QR Code as an attack vector, showing different attack strategies from the attackers point of view and exploring their possible consequences. Figure 2: QR Code cards, public transport vehicles, etc. Indeed, this mechanism has a vast number of potential applications [4, 1, 2, 13, 9]. For instance, the sports brand Umbro have embedded QR codes into the collars of England football shirts, sending fans to a secret website where prizes can be won. In this paper, we explore the structure and creation process of QR codes as well as potential attacks against or utilizing QR codes. We give an overview of the error correction capabilities and possible ways to alter both error correction data and payload in order to either modify or inject information into existing codes. Furthermore, we explore numerous...
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...QR Codes Project Azza Sayed, Farah Zaghloul, Leena El Gebaly, Majed Al Suwaidi, Zahra M. Anwar Business Information Systems 101 Mr. Ali Khawaja 27th September 2009 TABLE OF CONTENTS Introduction to QR Codes 3 QR Code History 3 Features of QR Codes 5 Creating QR Codes 7 How Can You Read Them? 8 Where are they being used? 8 Where is it going? 10 Where could they be used? 10 Bibliography 12 Introduction to QR Codes Binary Punch Card An early form of barcodes was punch cards. They were first used by Basile Bouchon in the year 1725. Punch cards were papers where data is represented by holes. It was first used in textiles and later was used in computers. Today, punch cards are no longer used. They have been replaced by barcodes. (Punch Cards - Wikipedia, the free encyclopedia)Woodland and Silver’s "Bull's eye" code The first commercial use of barcodes was in 1966. However, there was no standard to be used for the industry as a hole. Therefore, the National Association of Food Chains requested and industry standard for barcodes. (History of Barcodes | eHow.com) In response, Logicon Inc. developed the Universal Grocery Products Identification Code. It was the first barcode standard. (Bar Codes - The History of Barcode) A UPC-A barcode symbol On April 3rd 1972 a form of barcodes was chosen as the industry standard. It was the IBM developed Universal Product Code (UPC). The UPC more advanced (technically) than previous standards. Moreover, it was the...
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...LS4208 Product Reference Guide LS4208 Product Reference Guide 72E-69413-03 Revision A January 2007 © 2005-2007 by Symbol Technologies, Inc. All rights reserved. No part of this publication may be reproduced or used in any form, or by any electrical or mechanical means, without permission in writing from Symbol. This includes electronic or mechanical means, such as photocopying, recording, or information storage and retrieval systems. The material in this manual is subject to change without notice. The software is provided strictly on an “as is” basis. All software, including firmware, furnished to the user is on a licensed basis. Symbol grants to the user a non-transferable and non-exclusive license to use each software or firmware program delivered hereunder (licensed program). Except as noted below, such license may not be assigned, sublicensed, or otherwise transferred by the user without prior written consent of Symbol. No right to copy a licensed program in whole or in part is granted, except as permitted under copyright law. The user shall not modify, merge, or incorporate any form or portion of a licensed program with other program material, create a derivative work from a licensed program, or use a licensed program in a network without written permission from Symbol. The user agrees to maintain Symbol’s copyright notice on the licensed programs delivered hereunder, and to include the same on any authorized copies it makes, in whole or in part. The user agrees...
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