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BUSS1030 USYD Complete Lecture Notes

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BUSS1030 USYD complete lecture notes. Notes have been condensed for easy studying.

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29 Pages Complete Study Notes > 2 Years old
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Topics this document covers:
Economy Business economics Accounting Costs Asset Management accounting Expense Corporate taxation Income statement Balance sheet Cash flow statement Matching principle Ben Spoor
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Economy Business economics Accounting Costs Asset Management accounting Expense Corporate taxation Income statement Balance sheet Cash flow statement Matching principle Ben Spoor
Sample Text:
It is the language of business. Financial Accounting Management Accounting External – about the entity Internal – for the entity eg investors eg management Focus: income stmt, bal. sheet Focus: Planning budgets, costs, pricing Ethics: Ethics in business provide the standard of moral behaviour expected Eg. Integrity, objectivity, professional competence, confidentiality etc Set by the AASB (Australian Accounting Standards Board) which govern the measurement rules and level of disclosure. Types of Business Sole Proprietorship Partnership Company Advantages Undivided authority Easy to setup Not heavily regulated Simple to form More brain power Possibly better credit standing Business has separate legal existence to owner’s Shareholders have limited liabi...
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