Accounting chapters 1-2

What are the 3 types of business?

What are the 3 operating activities of a business?

What are some examples of operating activities?

What are some examples of investing activities?

What are some examples of financing activities?

What is an income statement?

Why are users interested in income statements?

What are retained earnings?

What is a retained earnings statement?

What is a balance sheet?

What is the basic accounting equation?

What is a statement of cash flows?

What are the 4 standard setting organizations?

What is a annual report?

Management discussion & analysis

Notes to financial statements

Auditor's report

Classified Balance sheet

What is included in a classified balance sheet?

Current assets

Long term investments

PPE

Intangible assets

Current Liabilities

Long term liabilities

Stockholder's equity

Ratio analysis

Profitability Ratios

Liquidity ratios

Solvency ratos

Earnings per share

Working capital

Current ratio

Debt to assets ratio

Free cash flow

Qualities of useful info