BUS 254 Lecture Notes - Cash Flow, Repeated Measures Design

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 254
• Professor: Masood Kamlani

Document Summary

Accounting is an information system in which the underlying economic conditions of organizations and individuals are recorded, summarized, reported and understood. Users of financial information can be divided into two groups, internal and external. internal users: Accounting standards: generally accepted accounting principles (gaap) Financing activities - obtaining of funds to purchase assets. Investing activities - investing funds to attain goals: operating activities - day to day continuing activities. Income statement: revenues, expenses, net income or loss, balance sheet, assets, liabilities and shareholder"s equity, cash flow statement, operating, financing and investing activities formula.