Book Chapter Project Aisha Al-Bgumi 200900890 ,Finance Mariam Al-Ali 200900084, Business Administration Zainab Al-Nasser 200900165, Accounting   ASSE 2111 – Learning Outcome Assessment Section 203

OUTLINE: Book Content Goals and Objectives Cover Page Sample Pages 2 Essential Definitions Sample Exercise Recommended Reference Conclusion

Book Content Balance Sheet Financial Statements: An Overview Income Statement Stockholders Equity Cash Flow The Analysis of Financial Statements The Accounting Information System

Book Content (focus chapter) Balance Sheet Uses and Limitations Elements of the Balance Sheet: Current Assets Non-Current Assets Liabilities Stockholders Equity Balance Sheet Format Self Test

Goals The main goal of studying accounting is to provide an obvious information of the company’s financial activities and position of its assets and liabilities. The second goal we want to obtain of studying this chapter is to make the student able to prepare the balance sheet. Balance sheet and income statement are way different from each other with a different of purposes. Accounting is the way to connect what is going in the business with the shareholders and investors.

Objectives To know how to monitor the company performance To determine what business should close down or to keep up in the market To recognize the classifications in the balance sheet. To be able to differentiate between current and non-current assets that used in preparing the balance sheet. To be able to explain what are assets, liabilities and stockholders equity. To understand what is income statement and the uses of it.

Cover Page Year of Published Book Title Descriptive Sentence Picture Authors Names

Sample Pages

2 Essential Definitions 1- Balance Sheet: is the statement that provides a wealth of valuable information about a business firm. It shows the financial condition or financial position of a company on a particular date. 2- Assets: probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.

Sample Exercise 8/Mark current account with (C) and none current accounts with (NC): B- Long-term debts C- Inventories D- Accounts payable E- Prepaid expenses F- Equipment G- Accrued Liabilities H- Accounts receivables I- Cash J-Bonds payable

Recommended Reference Fraser, L. Ormiston, A. (2010). Understanding Financial Statements. New Jersey: Pearson.

Would we use this book if we were a teacher? Why (not)? Conclusion Would we use this book if we were a teacher? Why (not)? NO Maybe YES

Do you have any questions? Thank you for your listening  Do you have any questions?