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Finance and Accounting for NonFinancial Managers, 3rd Edition by Eliot H. Sherman

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 2 

Introduction to Accounting

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Learning Objectives

By the end of this chapter, you should be able to:

•  Prepare a Balance Sheet and an Income Statement from financial data.

•  Assure that financial statements prepared are complete and accurate and are prepared in a way that is useful to readers.

•  Properly identify the classification of transactions into revenues, expenses, assets, liabilities, and equity.

•  Describe how transactions affect the financial statements of a company.

OVERVIEW

Accounting is different from finance and this chapter explains the differences. The definition and demonstration of basic accounting tools provide you ...

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