Financial statement preparation @ bec doms finance
Financial Statements
Accounting Review
Chapter 2. Basic Cost Terminology Cost – resource sacrificed to achieve a specific objective Actual cost – a cost that has occurred Budgeted cost – a.
Financial Statement Preparation: A Tutorial Prepared by – Dr. Angela H. Sandberg Professor of Accounting – Jacksonville State University.
Slide 4-1. Slide 4-2 PREVIEW OF CHAPTER Intermediate Accounting IFRS 2nd Edition Kieso, Weygandt, and Warfield 4.
Classifying Costs (a) By Element Material Labour Expense By Traceability Direct Indirect.
Cost Terminology and Concepts. Basic Cost Terminology Cost – resource sacrificed to achieve a specific objective Actual cost – a cost that has occurred.
Financial Statement Modeling & Spreadsheet Engineering “Training in spreadsheet modeling improves both the efficiency and effectiveness with which analysts.
The Income Statement. Up to now...... Learned a variety of accounts – Assets – Liabilities – Owner’s Equity – Revenue – Expenses Learned our first financial.
