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Unformatted text preview: Financial Accounting Standards Board (FASB) Securities and Exchange Commission (SEC) Generally Accepted Accounting principles (GAAP) International International accounting Standards Board (IASB) Management Responsibilities Role of the Auditing Profession 1 Ch 2 Investing and Financing Decisions and the Balance Sheet Objective of Financial Reporting Assumptions Elements of Financial Statements Balance Sheet: Assets, Liabilities and Stockholders Equity Income Statement: Revenues, Expenses, Gains and Losses Principles Accounting Cycle Business Transactions Analysis of transactions using the Balance sheet equation and the rules of Debits and Credits Journal entries in General Journal Posting journal entries to General Ledger t-accounts Trial Balance Prepare Financial Statements Classified Balance Sheet Balance Sheet vs. Statement of Cash Flows 2...
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- Fall '08
- Balance Sheet