Accounting for partnerships and corporations is also discussed. The cash flow statement and the use of accounting information to make business decisions is emphasized. Acct 101 or equivalent, or department permission. It is expected that the text chapters be read prior to class. Homework Problems must be completed for review and discussion in the next class session.
Cases are due each week.
Major Source of Financial Information Identify the five major sources of financial information. Additional Sources of Financial Accounting Information Identify other sources of potentially useful information. Key Features of the Balance Sheet Identify and explain. Key features of the Income Statement Identify and explain. Key Features of the Statement of Cash Flows Identify and explain.