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Unformatted text preview: executive or managerial position. The appendix also provides interesting reading. Note that this chapter concludes our study of Financial Accounting . The remainder of the course focuses on Managerial Accounting . ADDITIONAL OBSERVATIONS: These thoughts (included in the Instructor Comments for most chapters) are a combination of the Authors ideas and mine. Hopefully, they will also help you focus your learning! 1. Understand the most frequently used financial ratios. 2. The price/earnings ratio is relevant to your personal financial management. 3. The trend of a ratio is more important than the ratio itself. 4. You should understand the characteristics being measured by each category of ratio. 5. Review the concept of financial leverage and the risks associated with long-term debt. 6. Not all judgments about an entity's operations involve financial data; other operating statistics are also a source of information....
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This note was uploaded on 04/23/2011 for the course ACC 490 taught by Professor Johnthompson during the Spring '10 term at Murray State KY.
- Spring '10