FIN%203100%20Brooks%20CH%202_Financial%20Statements

FIN%203100%20Brooks%20CH%202_Financial%20Statements - 1

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Principles of Finance – FIN 3100 Chapter 2  - Financial Statements Patty Robertson 1
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Agenda Discuss the types of financial statements. Understand the difference between net profit and cash  flow. Distinguish between average and marginal tax rates. Discuss how financial statements can be used to project  future cash flows. 2
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Financial Statements Our purpose is not to learn how to prepare  financial statements…rather to use them as a  source of information in financial analysis. Accounting records history, finance plans for the  future. Financial statements report the performance of a  firm, and include: 1. Balance Sheet 2. Income Statement 3
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Financial Statements However, financial statements are prepared  according to GAAP, which includes arbitrary and  subjectively interpreted rules.
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This note was uploaded on 01/24/2012 for the course FIN 4260 taught by Professor Victorwakeling during the Spring '12 term at Kennesaw.

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FIN%203100%20Brooks%20CH%202_Financial%20Statements - 1

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