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ACCOUNTING TUTORIALS

Part 1: Financial Statements and Basic Accounting Principles

• Definitions

• Balance sheet introduction

• Balance sheet sample

• Income Statement

• Statement of Changes in Owners' Equity

• Statement of Cash Flows

• Concepts and Assumptions Used When Evaluating Financial Statements

• Positive Normal Balances of Accounts

• Transaction analysis: Insurance premium

 

Part 2: The Basics of Interpreting Financial Statements

• Rate of Return

• The Relationship between Interest, Time, and Rates

• Return on Investment (ROI)