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ACC644 Midterm Topics (1).docx - ACC644 Midterm...

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ACC644 Midterm Topics/review – not all topics are listed but the belowreflects a good deal of what you may want to contemplate/understandrealize that all statement tend to link to another another…right…Income Stmtreflects results over annual time frame and then “close out” to the BalanceSheet and R/EConsider Global based fin stmts vs US GAPP based fin stmts only - + or -?Realize that w have PERMANENT accts vs TEMP accts – former on BalanceSheet and latter on Income Stmt…those clear out yearly but B/S accts don’tShareholder Equity – what comprises such?Cash Flow split into three ways cash tends to get generated – Op; Fin; EQ
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Income Statement, Generally Accepted Accounting Principles

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