Ch 18: Financial Reporting

About This Chapter

Watch the entertaining video lessons in this chapter to get a quality understanding of financial reporting. Use short lesson quizzes and a practice exam to assess and reinforce your knowledge as you study for an upcoming test or complete an assignment covering this subject.

Financial Reporting - Chapter Summary

This chapter's informative lessons take an in-depth look at income statements, balance sheets and other aspects of financial reporting. Our expert instructors explain why financial reporting is important in business and accounting. Access the lessons as entertaining videos or written transcripts on any computer, smartphone or tablet. With each lesson is a short quiz designed to assess your comprehension of financial reporting. Take advantage of these and other chapter resources to enhance your ability to:

  • Identify the primary components and purpose of financial reporting
  • Discuss the importance of financial statements
  • Explain how financial statement ratios help companies gauge their performance
  • Discuss the purpose and components of the income statement
  • Share the definition and purpose of the balance sheet
  • Calculate cash flow
  • Describe the format and purpose of the statement of cash flows

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 160 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Support