mgmt 105
Management 105 with Welch at Texas A&M University
About this deck
By: Jennifer Cantu
Textbook:
Business Essentials (7th Edition)
Study Guide, Business Essentials
Created: 2011-04-26
Size: 37 flashcards
Views: 77
Textbook:
Business Essentials (7th Edition)Study Guide, Business Essentials
Created: 2011-04-26
Size: 37 flashcards
Views: 77
About StudyBlue
STUDYBLUE makes things that make you better at school.
Things like online flashcards with photos and audio.
Things like personalized quizzes and friendly reminders about when (and what) to study next.
Think of it as a digital backpack™: access to all of your study materials online and on your phone.
STUDYBLUE exists to make studying efficient and effective for every student, for free. Join us.
“Simply amazing. The flash cards are smooth, there are many different types of studying tools, and there is a great search engine. I praise you on the awesomeness.”
Dennis
Dennis
Sign up (free) to study this.
Intranet
private information
employees within an organization access
Extranet
external users have a limited access of information
hardware
software
1. the computer itself
system unit
2. computer programs
data
raw fact and figure
EX: you have a black shirt
information
meaningful interpretation of the data
Hacker
Risk & Threat
cyber criminal that obtains information
Identity theft
someone has unauthorized information
risk and threat
Cody Paige
Aggie Men's Club
Finance Major
Biochem major at 1st
Went to Tanzania
Southwestern Medical School- took the untraditional route
Adapting, reading, research
Accounting
Comprehensive system
-collecting
-analyzing
-communicate
Financial Accountant
provide information EXTERNAL users
Managerial Accountant
provide information for INTERNAL users
Accounting equation
Assets = liability + owner's equity
Sarbanes Oxely Act 2002 (Sarbox)
Most important act
Requires CEO & CFO certify accuracy of final transactions
Fig 14.2
Bernie Madoff recently defrauded millions
1. Assets
2. Current assets
1. anything of value
2. can be converted into ---- within a year
EX: cash, money in checking/savings a month CD
fixed asset
capital that has long term value
EX: property, land, equipment, building
intangible asset
those that bring good will to the company.
reputation
ex. The Dixie Chicken sells more beer , patents, trademarks like Nike
liability
a debt that is owned in the next year, accounts liable
longterm liability
longterm debt
ex. student loan, house
shareholders equity
money owners received if all assets were sold
income statement
shows REVENUES & EXPENSES, annual profit or loss
budget
detailed report on estimated receipts
money
-medium of exchange
-store of value
-measure of worth
money must be/have....
-portable: easy to carry around
-divisible: can be divided up
-durable: can be replaced
-stability: want value to slightly vary
Cal McNeil- The Bank & Trust
Senior VP, Commercial & Real Estate Lending
Suggests using credit- it's protected with a signature
schools, employers look at your credit to see if you're responsible enough
13% Average delinquency rate on credit cards but A&M has 3% because Aggies payback
IT Impacts
- Creating portable offices -skype
- Enabling better service -online customer service
- Enabling increased collaboration
- Creating leaner, more efficient organization- self check-in/out
- Enabling Global Exchange - video conferencing, skype
internet
system of more than 100 million interconnected computers and more than 100 countries
intellectual property theft
computer virus, worm and trojan horses
Certified Public Accountants
CPAs
Must take a 3-day exam
audit
where you want to make sure your company is recording finances
forensic accountants
legal type of accountant
controller
manages accounting information
3 branches of The Fed in Texas
Dallas- headquarters
1. Austin
2. Houston
3. El Paso
How many Federal Reserve Districts are there?
12
The Fed
Amount of money a bank has on a company
Banker's bank
7 members of the Fed Reserve serve overlapping years and are appointed by the US president
FDIC
Federal Deposit Insurance Corporation
Mutual savings bank
used for profit; owners
credit unions
are nonprofit
About this deck
By: Jennifer Cantu
Textbook: Business Essentials (7th Edition)
Study Guide, Business Essentials
Created: 2011-04-26
Size: 37 flashcards
Views: 77
Textbook:
Business Essentials (7th Edition)Study Guide, Business Essentials
Created: 2011-04-26
Size: 37 flashcards
Views: 77
About StudyBlue
STUDYBLUE makes things that make you better at school.
Things like online flashcards with photos and audio.
Things like personalized quizzes and friendly reminders about when (and what) to study next.
Think of it as a digital backpack™: access to all of your study materials online and on your phone.
STUDYBLUE exists to make studying efficient and effective for every student, for free. Join us.
“Simply amazing. The flash cards are smooth, there are many different types of studying tools, and there is a great search engine. I praise you on the awesomeness.”
Dennis
Dennis