ch01 Introduction to Accounting and Business 财务会计英文版课件.pptVIP

The Process of Providing Information The Process of Providing Information Business Ethics 1. Avoid small ethical lapses. 2. Focus on your long-term reputation. 3. You may expect to suffer adverse personal consequences for holding to an ethical position. Financial Statements Income statement—A summary of the revenue and expenses for a specific period of time. Statement of owner’s equity—A summary of the changes in the owner’s equity that have occurred during a specific period of time. Balance sheet—A list of the assets, liabilities, and owner’s equity as of a specific date. Statement of cash fl