Accounting Cheat Sheet
statement of cash flows reports the changes in cash and cash equivalents during a period of time according to three activities: operating, investing, and financing. statement of stockholders’ equity reports the changes in the components of stockholders’ equity,
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Chart of Accounts - AccountingCoach.com
www.accountingcoach.comA chart of accounts is a listing of the names of the accounts that a company has identified and made available for recording transactions in its general ledger. A company has the flexibility to tailor its chart of accounts to best suit its needs, including adding accounts as needed.
Accounting Basics
www.accountingcoach.comin the market value of property. Under the accrual method, these are reported on the income statement when they are earned. Sales and fees earned are examples. This financial statement reports a company’s financial position as of a moment of time. It reports the assets, liabilities and stockholders’ (or owner’s) equity.
Accounting Basics
www.accountingcoach.comA Story for Relating to Accounting Basics We will present the basics of accounting through a story of a person starting a new business. The person is Joe Perez—a savvy man who sees the need for a parcel delivery service in his community. Joe has researched his idea and has prepared a business plan that documents the viability of his new business.
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