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INTRODUCTION FINANCIAL ACCOUNTING Bangor University Transfer Abroad Programme Lecture 10 (review Ch. 2 & 4)

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Presentation on theme: "INTRODUCTION FINANCIAL ACCOUNTING Bangor University Transfer Abroad Programme Lecture 10 (review Ch. 2 & 4)"— Presentation transcript:

1 INTRODUCTION FINANCIAL ACCOUNTING Bangor University Transfer Abroad Programme
Lecture 10 (review Ch. 2 & 4)

2 Income Statement (Accrual Basis)

3 Statement of Stockholders’ Equity

4 Financial Statements (1) (relationship)
Financial Statements consist of: Balance sheet; Income statement; Cash Flow statement; Retained Earnings Statement

5 Financial Statements (2)

6 Time Line

7 Expiration of Unexpired Costs

8 Expiration of Unearned Revenues

9 Adjusting Entries

10 Single Step Income Statement

11 Multi Step Income Statement

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