January 2015
Beginner
480 pages
31h 42m
English
Content preview from Financial Management: Core Concepts, Third Edition
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Chapter 2 Financial Statements
AT a Glance
LO1 Explain the foundations of the balance sheet and income statement.
There are four financial statements that report the performance of a firm: (1) the balance sheet, (2) the income statement, (3) the statement of retained earnings, and (4) the statement of cash flow. In this chapter, we examined the four financial statements and the connections between each of the four statements with particular interest in the sources and uses of cash. In finance we are generally concerned with how a company is generating cash and where the company is spending cash.
LO2 Use the cash flow identity to explain cash ...
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