Ch 15: Analysis of Financial Reports

About This Chapter

This chapter offers access to bite-sized lessons, multiple-choice quizzes and other study resources that can boost your knowledge of the analysis of financial reports. Strengthen your preparations for an upcoming test by taking advantage of these resources today!

Analysis of Financial Reports - Chapter Summary

Our expert instructors have created lessons that can improve your understanding of the analysis of financial reports while keeping you engaged. Review these lessons to ensure you comprehend accrual and cash-basis accounting, financial reporting and other related topics. Once you've completing this chapter, you will be able to:

  • Describe the purpose of financial reporting
  • List components and discuss the procedure of financial report analysis
  • Differentiate between accrual and cash-basis accounting
  • Identify how to use IRS Form 3115
  • Analyze financial records for recovery and depreciation
  • Report and analyze pass-through activity in a business
  • Use M-1, M-2 and M-3 forms for book-tax reconciliation
  • Discuss IRS regulations for loans made to and from businesses by their owners

If you are strapped with a busy schedule, this chapter offers the flexibility you need to study when it's convenient for you. All the lessons are available 24/7 and can be accessed using any computer or mobile device with an Internet connection. Reduce your study time by quickly gauging your comprehension of each lesson using mini self-assessment quizzes. Our chapter exam can check your overall understanding of financial report analysis.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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