Lecture Accounting: What the numbers mean (10/e): Chapter 2 – Marshall, McManus, Viele
Chapter 2 – Financial statements and accounting concepts/principles. After studying this chapter you should understand: What are generally accepted accounting principle? What kind of information is reported on each financial statement and how are the financial statements related? What are transactions? What is the meaning and usefulness of the accounting equation? What are meanings of the captions in the financial statements?…
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