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Corn-bread.org > Academic Wiki > Wiki Pages > acct5301-booknotes-chapter1  

acct5301-booknotes-chapter1

Four basic financial statements:

 

Balance sheet

 

Income statement

 

Statement of retained earnings

 

Statement of cash flows

 

 

Price Earnings Ratio

 

GAAP

 

 

Formulas

 

1.      Price / Earnings Ratio

 

2.      Balance sheet equation

 

3.      Income statement

 

4.      Statement of retained earnings

 

5.      Statement of cash flows

 

 

Definitions and Key Terms

 

1.      Internal decision makers

 

2.      External decision makers

 

3.      Assets

 

4.      Liabilities

 

5.      Stockholder’s equity (or owner’s equity)

Last modified at 3/25/2008 12:13 AM  by scott phillips