Chapter 14

Chapter 14 - Chapter 14 Accounting and Financial Statements...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Accounting and Financial Statements Objectives a. Define accounting and describe the different uses of accounting information. b. Demonstrate the accounting process. c. c. Decipher the various components of an income statement in order to evaluate a firm’s “bottom line.” d. d. Interpret a company’s balance sheet to determine its current financial position. e. e. Analyze financial statements, using ratio analysis, to evaluate a company’s performance. f. f. Assess a company’s financial position using its accounting statements and ratio analysis. The Nature of Accounting o The recording, measurement, and interpretation of financial information, often used in making business decisions. Types of Accountants 0. Public Accountant 0. An independent professional who provides accounting services to the public (individuals or firms) for a fee CPA (Cert ified Publi c Acco untan t) 1. Private Accountant 1. An accountant employed by a corporation, government agency, or other organization CPA or a CMA (Certified Management Accountant) The Top Ten Accounting Firms 2007 Is it Accounting or Bookkeeping? 2. 2.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 6

Chapter 14 - Chapter 14 Accounting and Financial Statements...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online