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 Illustrated1.Explanations and Definitionsa.Balance Sheetb.Income Statementc.Sta

tement of Changes in Stockholders’ Equityd.Statement of Cash Flows2.Comparative Statements in Subsequent Years3.Illustration of Financial Statement Re Test bank and solution of financial statementsand accounting concepts principles (2)

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

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

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

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)tatements and A ccounting concepts/PrinciplesTEAC HING/I.EARNING OBJECTIVES:Principal:1.To illustrate the four principal financial statements and thei

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

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

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

nting and that the statements represent a historical summary of transactions.6.To 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