PPT-19 After studying this chapter, you should be able to:

Understand the importance of pensions from a business perspective Identify and account for a defined contribution benefit plan Identify and explain what a defined benefit plan is and the related accounting issues. And 57375en 57375ere Were None meets the standard for Range of Reading and Level of Text Complexity for grade 8 Its structure pacing and universal appeal make it an appropriate reading choice for reluctant readers 57375e book also o57373ers students 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 . the importance of income taxes from a business perspective.. Explain . the difference between accounting income and taxable income, and calculate . taxable income . and current income taxes.. 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 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.. Understand . the importance of disclosure from a business perspective.. Review . the full disclosure principle and describe problems of implementation.. Explain . the use of accounting policy notes in financial statement preparation.. :. Identify and explain the guest service principles.. List and explain steps involved in providing guest service.. Explain and apply the concepts of service.. Identify types of service.. Illustrate the qualities of service such as perishable, tangible, and nontangible.. 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 . 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.. Keyboard. (Encoding). Disk. (Storage). Monitor. (Retrieval. Sequential Process. Studying memory. Memory. Persistence of learning over time through the encoding, storage, and retrieval of information.