The Income Statement
- Read 132-140 Questions 1-21 (Page 140)
- Exercise 2-3 Page 141-142
- Read 144-149 Exercise 1 Page 150
- What is it? Why is it important ? Who needs it and why?
- What is a Fiscal Period and why is it important to stakeholders?
- GAAP – Time Period Concept, Matching Principle- which IFRS relates to this?
- Additions to your Debit/Credit chart (page 132)