Welcome to Week 15!

Financi

al A

ccoun

ting

Chapte

r 11

Ash

ton C

onvers

eSto

ckhold

er’

s Equit

y

Objectives/Schedule

Welcome: Hope you had a good weekend! Lets finish strong!

Quiz: Relax, Focus, Think, and No Cheating

Discuss Stock Reports: How was the activity?

Collect Homework

Start Chapter 11: Different Learning and Teaching Style

Student Led Learning

Quiz Questions…try your best

There are 10 questions. For each question, you have 1.5 minutes to answer. You do not need to write the question, just the number. Jia You!

1. What is a debt that has a long life called?

2. What is the key to accounting?

3. Constitution governing a corporation is called what?

4. Group elected by the stockholders to set policy or a corporation and to appoint its officers is called?

5. The most powerful person on the board of directors is ___________?

6. Give me an example of an intangible asset?

7. Employee compensation for their work and a major expense for companies is _________?

8. Employee compensation to be received after retirement is called what?

9. Federal government grant giving the holder the right for 20 years to produce and sell an invention is called what?

10.Depreciation is caused by mainly 2 things, name one of theses things.

Collect HomeworkPlease hand your stock report summaries forward to me.

What did you think of the activity?

Was it more difficult than you thought or less difficult?

Did you learn something?

How many of you think your stock price will increase next month?

How many of you think it will decrease?

Chapter 11Income Statement & The Statement of Stockholders’ Equity

Learning ObjectivesAnalyze income statementsAnalyze a statement of stockholders’ equity

Understand managers’ and auditors’ responsibilities for the financial statements

Learn through teaching…one of the best ways to learn is to discover and explain to others

Student Led Learning

When you have a group of 4, tell me, then I will give you a term or concept to prepare.

The first half of the class, I will give you time to research in your book or phone about the concepts and prepare a very short lesson for each word.

Be creative and make sure to at the least do the following (your team will teach for 3 min):Define the concept or term, put it in your own words, give an example, teach it to your classmates

Concepts to Choose From!

1. Investment Capitalization Rate

2. Extraordinary Gains and Losses

3. Earnings Per Share

4. Comprehensive Income

5. What should you analyze to gain an overall picture of a company? Pg. 518

6. Prior Period Adjustment

7. Statement of Stockholders’ Equity

8. Unqualified Opinion

9. Qualified Opinion

10.Adverse Opinion

11.Disclaimer

12.Decision Guideline Question 1

13.Decision Guideline 2

14.Decision Guideline 3

15.Management’s Responsibility

End of the Semester Schedule!

This week we looked at Chapter 11 and took our final quiz

Next week, the 16th week we will do chapter 12 and 13

The final week, the 17th, we will either have an applicable activity, movie, or finish chapter 13. Also, we will have a small review.

Our exam will be during one of the days January 2nd, 3rd, or 4th.

FOR HOMEWORK: Read through a companies “Statement of Cash Flows” from the internet.