Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2011-03-04
Length: 4 pages
Data source: Generalised experience
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Abstract
Innovative Lighting Inc is an introductory accounting exercise teaching basic concepts in stocks, bonds and marketable securities. The company manufactures and sells lighting equipment to film and television studios, students gain practice in recognizing cash transactions versus non-cash transactions and enhance their understanding of accrual accounting through being required to adjust the cash records of a business.
About
Abstract
Innovative Lighting Inc is an introductory accounting exercise teaching basic concepts in stocks, bonds and marketable securities. The company manufactures and sells lighting equipment to film and television studios, students gain practice in recognizing cash transactions versus non-cash transactions and enhance their understanding of accrual accounting through being required to adjust the cash records of a business.