Introductory Accounting and Finance for Lawyers |
Contents
B The Components of Financial Statements | 6 |
Chapter Two The Fundamental Equation | 16 |
Revenues and Expenses | 24 |
Copyright | |
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Common terms and phrases
accounting principles accounts receivable accrual accumulated depreciation allocated amount asset account Assume audit auditor balance sheet benefit BIC Corporation BIC's book value bookkeeping business combination calculation cap rate cash dividend cash flows Chapter closing entries COGS combined entity common stock Corporation's current assets debt decrease determine disclose disclosure effect entity's Ernst & Young example expense account fair value FASB FIFO financial statements fixed asset future value GAAP income statement Income Taxes increase interest internal controls inventory system investment issued January journal entries Larry's Firm lawyers lease left-side entry liabilities LIFO loss market value matching principle ments net income number of shares Operating Activities owner's equity P/E Ratios P&L Account paid par value Payable payment period pooling method present value profit purchase method recorded reflect respect result retained earnings revenue right-side entry Sensormatic shareholders sold statement of cash stock dividend T-Account Table tion transactions valuation