managerial accounting
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Used to guide management in making financing, investing, and operations
decisions for the company
financial statements
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-income statement
-statement of stockholders equity
-balance sheet
-statement of cash flows
, objectives of financial accounting
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-To report changes in the financial condition of a business over a period of
time - Box score
-To report the financial condition of a business at a point in timeStandings
statement of cash flows
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Did we take in more cash than we paid out?
income from operations
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-How well did I run by business
-Starts with Gross Profit and subtracts Selling and Administrative expenses
Common Size Computations
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•Cost of Sales/Sales - 78,138/98,375 = 79.4%
•Gross Profit/Sales - 20,237/98,375 = 20.6%
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Used to guide management in making financing, investing, and operations
decisions for the company
financial statements
Give this one a try later!
-income statement
-statement of stockholders equity
-balance sheet
-statement of cash flows
, objectives of financial accounting
Give this one a try later!
-To report changes in the financial condition of a business over a period of
time - Box score
-To report the financial condition of a business at a point in timeStandings
statement of cash flows
Give this one a try later!
Did we take in more cash than we paid out?
income from operations
Give this one a try later!
-How well did I run by business
-Starts with Gross Profit and subtracts Selling and Administrative expenses
Common Size Computations
Give this one a try later!
•Cost of Sales/Sales - 78,138/98,375 = 79.4%
•Gross Profit/Sales - 20,237/98,375 = 20.6%
