Source Documents and Equation Analysis

What is a business transaction?
What are source documents?

The GAAPs and IFRS

  • IFRS – “Reliability – Neutrality”

    To be reliable, the information contained with the financial statements must be neutral, that is, free from bias.

    Additional Practice and Review
    Read pages 58-59, Questions 1-7, Exercises 1

    Updating the analysis sheet and balance sheet

    Additional Practice and Review:
    Read Pages 61-69 Questions 1-10 Exercises 2-3

    The Week in Review:

    A very good video summarizing many of the topics we have covered in the first two weeks