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I want to have summary about the below concepts: Expand the basic accounting equation to include revenues and expenses. Define common bookkeeping terms. Analyze transactions.

I want to have summary about the below concepts:

  • Expand the basic accounting equation to include revenues and expenses.
  • Define common bookkeeping terms.
  • Analyze transactions.
  • Identify the effects of the transactions on the financial statements.
  • Identify the components of the income statement and the financial questions it can answer.
  • Describe the purpose, form, and content of an income statement.
  • Compare and contrast direct and indirect methods of presenting cash flows

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