Test bank and solution of financial statementsand accounting concepts principles (2)

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Test bank and solution of financial statementsand accounting concepts principles (2)

Marshall-11e_IM_SM_ChO2.pdfMarshall! 1e_chO2_PPT.pptCHAPTER2 Financial Statements and Accounting Concepts/PrinciplesCHAPTER OUTLINE:I.Financial Statem

Test bank and solution of financial statementsand accounting concepts principles (2)mentsA.From Transactions to Financial StatementsB.Financial Statements Illustrated1Explanations and Definitionsa.Balance Sheetb.Income Statementc.Stat

ement of Changes in Stockholders’ Equityd.Statement of Cash Flows2Comparative Statements in Subsequent Years3Illustration of Financial Statement Relat Test bank and solution of financial statementsand accounting concepts principles (2)

ionshipsII.Accounting Concepts and PrinciplesA.Schematic Model of Concepts and PrinciplesB.Concepts Principles Related to the Entire Modelc. Concepts

Test bank and solution of financial statementsand accounting concepts principles (2)

Principles Related to TransactionsD.Concepts Principles Related to Bookkeeping Procedures and the Accounting ProcessE.Concepts. Principles Related to

Marshall-11e_IM_SM_ChO2.pdfMarshall! 1e_chO2_PPT.pptCHAPTER2 Financial Statements and Accounting Concepts/PrinciplesCHAPTER OUTLINE:I.Financial Statem

Test bank and solution of financial statementsand accounting concepts principles (2)ements and A ccounting concepts/PrinciplesTEAC HING/I.EARNING OBJECTIVES:Principal:1To illustrate the four principal financial statements and their ba

sic form.2io introduce students to the terminology of financial statements.3To present the accounting equation.4I o explain several of the concepts of Test bank and solution of financial statementsand accounting concepts principles (2)

financial accounting and financial statement presentation.Supporting:5To explain that financial statements are the product of financial accounting an

Test bank and solution of financial statementsand accounting concepts principles (2)

d that the statements represent a historical summary of transactions.6To explain some of the limitations of financial statements.

Marshall-11e_IM_SM_ChO2.pdfMarshall! 1e_chO2_PPT.pptCHAPTER2 Financial Statements and Accounting Concepts/PrinciplesCHAPTER OUTLINE:I.Financial Statem