Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Financial Accounting Zusammenfassung 1. Semster
I. Begriffe
Balance sheet (Bilanz): Describes where the enterprise stands at a specific date."Snapshot"
of the business.
Looking like:
Income statement: Depicts the revenues and expenses for a designated period of time.
Looking like:
It is used to summarize the operating results of a business by matching the revenue earned
during a given period of time with the expenses incurred in generating that revenue.
Statement of cash flows: Depicts the ways cash has changed during a designated period of
time.
Looking like:
Assets: Economic resources that are owed by the business and are expected to provide
positive future cash flow.
Liabilities: Debts that represent negative future cash flow for the enterprise.
OWNERS
