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FINANCIAL UNDERSTANDING:
_ Introduction
_ Audit Statements
_ Statement of Operations
_ Balance Sheet
_ Statement of Cash Flows
_ Statement of Patron Equities
_ Statement of Changes in Financial Position
_ Skills Test
_ Glossary
_ Feedback

 

  

Financial Understanding

  


 

 
Welcome to Financial Understanding

After completing "Financial Understanding" you should be able to:

1. Describe the purpose of each of the major elements of a typical audit statement

2. Describe the need for the Statement of Changes in Financial Position in addition to the Statement of Cash Flows.

3. Cite the basic business equation for the Statement of Operations, Balance Sheet, Statement of Change in Financial Position, and Statement of Patrons' Equities.


 

 

 

 

 
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