Book 4
Preparing Income Statements and Balance Sheets
Contents at a Glance
- Chapter 1: Brushing Up on Accounting Standards
- Chapter 2: Preparing an Income Statement and Considering Profit
- Understanding the Nature of Profit
- Choosing the Income Statement Format
- Deciding What to Disclose in the Income Statement
- Examining How Sales and Expenses Change Assets and Liabilities
- Considering the Diverse Financial Effects of Making a Profit
- Reporting Extraordinary Gains and Losses
- Correcting Common Misconceptions about Profit
- Chapter 3: Assessing the Balance Sheet’s Asset Section
- Chapter 4: Digging for Debt in the Balance Sheet’s Liabilities Section
- Chapter 5: Explaining Ownership in the Equity Section of the Balance Sheet
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