1 Chapter 3 Financial Statements, Cash Flows, and Taxes LEARNING OBJECTIVES 1. Discuss generally accepted accounting principles (GAAP) and their importance to the economy.…
Accounting and Its Relationship to Engineering Economy ENGECOA – T42, 1st Term, SY ’09-’10 • Accounting is often referred to as the language of business • Engineers…
UNTIT 1: 1.1 Evolution of accounting 1.2 Accounting Concepts and Principles: The Entity Concept - An organization is a separate entity from the owner(s) of the organization.…
1. Chapter 2 Financial Statements 2. Primary Financial Statements Balance Sheet: statement of financial position Income Statement: the statement of earningsStatement of Cash…
1. Who Needs a Business Plan? … And Why? Some Good Ideas …And Some Bad Ones! 2. To Successfully Launch a New Business... ...Requires Identifying and Bringing Together…