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ANALYSIS TOPIC 1: BS (2.ASSETS (current assets (in the form of cash,…
ANALYSIS TOPIC 1: BS
2.ASSETS
probable future economic benefit obtained,controlled as the result of past transaction/event
current assets
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cash, acc rec, inv, marketable sec, prepaid exp
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current liabilities
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acc pay able, unearned income
non current income
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notes payable, bond payable
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off BS financing tactics
employed by those responsible to prepare FS seriously impairs the use of BS as a reliable source of information for decision making purpose
- PROBLEM IN BS PRESENTATION
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