Reading Financial Statements course includes accounting definitions, statement of income, statement of retained earnings, statement of cash flow, balance sheet, accountant’s year end services, financial statements and third parties, important financial indicators.
Reading Financial Statements
Statement of Income
Statement of Retained Earnings
Prior Period Adjustments
How prior accounting period adjustments impact the retained earnings account
Statement of Cash Flow
What Happened to My Outstanding Checks?
Explanation of the way outstanding checks are disclosed on the balance sheet
Explanation of why accumulated depreciation is deducted from cost of fixed assets
Your Accountant’s Year End Services
Financial Statements and Third Parties
QuickBooks Financial Statements
Difference in presentation of financial statements between QuickBooks and CPA