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vv-4 - We will focus mostly on free cash flow – have to...

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Chapter 2 – Accounting from a Finance Perspective What is accrual based accounting? – based on matching principle of revenue and expenses. Why is historical cost important? - How our books read. Go over big three: Balance Sheet LHS, RHS Income Stmt Basic flow How does IS carry over to BS? Go over NI = DIV + RE Stmt Cash Flows Operations, Investing, Financing
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Unformatted text preview: We will focus mostly on free cash flow – have to construct, not on any of the big 3. We will interpret these financial statements, not construct them in this class. Earnings management – pp 2-9, 2-10. This area may take some research for those who haven’t had Acc 200. e.g., LIFO vs. FIFO, the inventory one....
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