HTA 402 Lecture Notes - Lecture 1: Management Accounting, Income Statement, Financial Statement

• School: Ryerson University
• Department: Hospitality and Tourism Management
• Course: HTA 402
• Professor: Bernard Mc Evoy

Document Summary

Share : is a cetrtificate that acts as a ownership in a corporation. Bond : is similar to a share but it is a certificate or a piece of paper issued to represent a corporation promise to repay a certain amount of money and interest in the future. Non buisness entitie: an organization operated for some purpose other than to earn a profit. Fund accountining is used by non business entities. Corporation engage a multitude of diff types of activities which are financing, investing, and operating. Liability : is an obligation of a business and can tke many diff forms. When a company borrows money at abank it will be called note payable. When a company sells bonds the obligation is a bond payable. Amounts owed to gov are called tax payable. Capital stock: indicates the owner contributions to a corporation. Some one who buys shares at a company is called a shareholder.