Site MapHelpFeedbackUnderstanding Accounting and Financial Information
Understanding Accounting and Financial Information


Premium content available for purchase is identified in the left-hand Navigation Menu by the asterisk (*) which precedes the content name. Premium Content on this OLC includes:
    1. Interactive Exercises (Course-wide Content)
    2. Multi-lingual Glossaries (Course-wide Content)
    3. Manager's Hot Seat (Course-wide Content)
    4. Videos-streaming (Course-wide Content)
    5. Learning the Language (Chapter Content)
    6. Narrated Lectures (Chapter Content)
    7. iPod® Content (Chapter Content)



After you have read and studied this chapter, you should be able to

  1. Demonstrate the role that accounting and financial information play for a business and for its stakeholders.


  2. Identify the different disciplines within the accounting profession.


  3. List the steps in the accounting cycle, distinguish between accounting and bookkeeping, and explain how computers are used in accounting.


  4. Explain how the major financial statements differ.


  5. Demonstrate the application of ratio analysis in reporting financial information.









Nickels: Undstd Business 9eOnline Learning Center

Home > Chapter 17