Financial Accounting For Mba's

Front 1

Cash

Back 1

Current Assets

Front 2

Marketable Securities

Back 2

Current Assets

Front 3

Accounts Receivable (A/R)

Back 3

Current Assets

Front 4

Inventory (Inv)

Back 4

Current Assets

Front 5

Supplies

Back 5

Current Assets

Front 6

Prepaid Expenses

Back 6

Current Assets

Front 7

Deferred Taxes

Back 7

Current Assets

Front 8

Land

Back 8

Long-Term Assets (PPE—Property

Front 9

Machinery & Equipment

Back 9

Long-Term Assets (PPE—Property

Front 10

Accumulated Depreciation—M&E

Back 10

Long-Term Assets (PPE—Property

Front 11

Furniture & Fixtures

Back 11

Long-Term Assets (PPE—Property

Front 12

Accumulated Depreciation—Furniture & Fixtures

Back 12

Long-Term Assets (PPE—Property

Front 13

Buildings

Back 13

Long-Term Assets (PPE—Property

Front 14

Accumulated Depreciation—Buildings

Back 14

Long-Term Assets (PPE—Property

Front 15

Leasehold Improvements

Back 15

Long-Term Assets (PPE—Property

Front 16

Long-term Investments

Back 16

Long-Term Assets (PPE—Property

Front 17

Patents Trademarks Copyrights

Back 17

Long-Term Assets (PPE—Property

Front 18

Accounts Payable (A/P)

Back 18

Current Liabilities

Front 19

“Expense” Payable (such as Taxes Payable Salaries Payable Wages Payable & Interest Payable)

Back 19

Current Liabilities

Front 20

Unearned Revenues

Back 20

Current Liabilities

Front 21

Dividends Payable

Back 21

Current Liabilities

Front 22

Current Portion of Long-Term Debt

Back 22

Current Liabilities

Front 23

Notes Payable (portion to be paid later than 1 year)

Back 23

Long-term Liabilities

Front 24

Mortgages Payable

Back 24

Long-term Liabilities

Front 25

Bonds Payable

Back 25

Long-term Liabilities

Front 26

Deferred Taxes

Back 26

Long-term Liabilities

Front 27

Preferred Stock

Back 27

STOCKHOLDERS’ EQUITY

Front 28

Common Stock (C/S) Paid-in Capital in Excess of Par

Back 28

STOCKHOLDERS’ EQUITY

Front 29

Retained Earnings (RE)

Back 29

STOCKHOLDERS’ EQUITY

Front 30

Treasury Stock (TS)

Back 30

STOCKHOLDERS’ EQUITY

Front 31

Accumulated Comprehensive Income (Loss)

Back 31

STOCKHOLDERS’ EQUITY

Front 32

Sales Revenue

Back 32

REVENUES

Front 33

Service Revenue

Back 33

REVENUES

Front 34

Cost of Goods Sold

Back 34

EXPENSES

Front 35

Rent Expense

Back 35

EXPENSES

Front 36

Insurance Expense

Back 36

EXPENSES

Front 37

Salaries & Wages Expense

Back 37

EXPENSES

Front 38

Advertising Expense

Back 38

EXPENSES

Front 39

Utilities Expense

Back 39

EXPENSES

Front 40

Telephone Expense

Back 40

EXPENSES

Front 41

Supplies Expense

Back 41

EXPENSES

Front 42

Bad Debt Expense

Back 42

EXPENSES

Front 43

Depreciation Expense

Back 43

EXPENSES

Front 44

Amortization Expense

Back 44

EXPENSES

Front 45

Gain on Disposal of a Segment of the Business

Back 45

“Below the Line Items”—presented on the I/S*

Front 46

Loss on Disposal of a Segment of the Business

Back 46

“Below the Line Items”—presented on the I/S*

Front 47

Extraordinary Gain

Back 47

“Below the Line Items”—presented on the I/S*

Front 48

Extraordinary Loss

Back 48

“Below the Line Items”—presented on the I/S*

Front 49

Comprehensive Income/Loss*

Back 49

“Below the Line Items”—presented on the I/S *Not account titles (but listed on the Income Statement)

Front 50

Interest Revenue

Back 50

(non-operating) revenue

Front 51

Interest Expense

Back 51

(non-operating) expense

Front 52

Taxes Expense

Back 52

(non-operating) expense

Front 53

Gain on Disposition of an Asset (non-inventory)

Back 53

(non-operating) revenue?

Front 54

Loss on Disposition of an Asset (non-inventory)

Back 54

(non-operating) expense?