02 Fin statements - handout

02 Fin statements - handout - Mind Map Mind Why?: Accrual...

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Mind Map Mind Map Why?: Accrual accounting is a great construct for understanding the operations of an enterprise. However, the standard accounting principles create an environment where a simplistic reading of the standard financial statements is almost always misleading.
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Mind Map Learning objective: Develop an understanding of how to read simple financial statements Identify the fictions inherent in financial statements Demonstrate an ability to use standard form to create financial statements Analyze financial statements using ratios
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Mind Map Key words/concepts: Income statement, balance sheet, Cash Flow statement Accrual accounting, historical cost, matching principle Earnings management Free cash flow (FCF) Retained earnings evolution Ratio definitions/interpretation (many)
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Balance Sheet Balance Sheet Assets Assets Current Assets Cash Marketable Securities Accounts Receivable
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02 Fin statements - handout - Mind Map Mind Why?: Accrual...

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