Chapter 1 slides - • Expense • Net Income Statement of Retained Earnings • Links Income Statement and Balance Sheet • Concept of Retained

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Financial Statements and Business Decisions Chapter 1
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Financial Statements Four Major Statements External Users Profit-oriented Organizations Not-for-profit Organizations Concept of a Business Entity
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Financial Statements GAAP Role National versus International Reasons Sources Currency
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Balance Sheet Financial Position Assets Liabilities Owners’ Equity Basic Accounting Equation
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Income Statement Measures Performance Revenue
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Unformatted text preview: • Expense • Net Income Statement of Retained Earnings • Links Income Statement and Balance Sheet • Concept of Retained Earnings Cash Flow Statement • Revenues versus Cash Received • Expenses versus Cash Paid • Measures Performance • Direct versus Indirect Method Price-Earnings Ratio • P-E Ratio = Market Price / Net Income • Valuation of Public Companies • Valuation of Private Companies...
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This note was uploaded on 10/16/2010 for the course UNKNOWN S taught by Professor S during the Spring '09 term at Aarhus Universitet.

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Chapter 1 slides - • Expense • Net Income Statement of Retained Earnings • Links Income Statement and Balance Sheet • Concept of Retained

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