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Chapter 07: Financial Statements

Chapter 07: Financial StatementsMcGraw-Hill/IrwinCopyright 2013 by The McGraw-Hill Companies, Inc. All rights StatementsIn Chapter 7, you learn about Peachtree s Financial Statements . Once journal entries have been recorded and posted, Financial Statements are automatically calculated by Peachtree. In Chapters 1 through 6, you explored the sample company, Bellwether Garden Supply. You learned how PCA s user interface works and how to navigate the software. You also journalized and posted various types of transactions. Beginning in Chapter 9, you will learn how to use these features to set up service businesses.

Position, p. 228 The statement of changes in financial position describes changes in a company’s financial position that may not be obvious from other financial statements. The Statement of Changes in Financial Position s shown on page 241. Statement of Changes in Financial Position

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