Ch 24: Financial Statement Special Issues

About This Chapter

The video and text lessons in this chapter provide an in-depth look at the special issues of financial statements. Get a comprehensive overview of topics you could see during an upcoming test, discussion or assignment by accessing lessons and other resources from your computer or mobile device.

Financial Statement Special Issues - Chapter Summary

If you're looking for resources that can help you better understand financial statement special issues, you've reached the right place! Strengthen your understanding of topics that include off-balance sheet financing, monetary value and accounting principle. Review the lessons in this chapter at any pace that suits your schedule. In no time, you will be able to:

  • Discuss ways financial statements can be impacted by foreign operations
  • List ways inflation impacts suppliers and demanders
  • Define and discuss the uses of off-balance sheet financing
  • Explain the impact of changes in accounting principle
  • Share the definition of a statement of retained earnings

Navigate the lessons with ease by choosing your first one then selecting any others in the sequence you desire. Clarify any concepts you don't fully understand by submitting questions to our experts. Assess your comprehension of the special issues of financial statements by taking multiple-choice quizzes. A chapter exam can also help you review and grasp this chapter's concepts.

5 Lessons in Chapter 24: Financial Statement Special Issues
Test your knowledge with a 30-question chapter practice test
Effects of Inflation on Suppliers and Demanders

1. Effects of Inflation on Suppliers and Demanders

In this lesson, you'll discover who benefits and who suffers from a sustained increase in prices within an economy. We'll cover the effects of expected and unexpected inflation on savers/creditors and borrowers/debtors.

What Is Off-Balance Sheet Financing? - Definition & Uses

2. What Is Off-Balance Sheet Financing? - Definition & Uses

Sometimes businesses must be creative in making large purchases or handling their debt. Their lenders may have strict rules about how much they can borrow. In this lesson, we'll discuss off-balance sheet financing and its use in business accounting.

Changes in Accounting Principle: Definition & Impact

3. Changes in Accounting Principle: Definition & Impact

Changes in accounting principle generally arise because the rules of accounting allow different methods to be used for certain situations. We'll see when changes in principle are allowed and trace the impacts of a change on the financial statements.

Monetary Value: Definition & Examples

4. Monetary Value: Definition & Examples

Monetary value is a concept that helps makes our modern economic system possible. In this lesson, you'll learn about monetary value, its related concepts, and its importance.

Statement of Retained Earnings: Definition, Formula & Example

5. Statement of Retained Earnings: Definition, Formula & Example

Retained earnings are a critical part of the business life cycle. The statement of retained earnings calculates not only the cumulative amount of earnings but also the changes that have affected that amount during the past year.

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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