LO 14-1

Define accounting and describe the different uses of accounting information.

LO 14-2

Demonstrate the accounting process.

LO 14-3

Examine the various components of an income statement to evaluate a firm's bottom line.

LO 14-4

Interpret a company's balance sheet to determine its current financial position.

LO 14-5

Analyze the statement of cash flows to evaluate the increase and decrease in a company's cash balance.