Clear my accounting course confusion
January 18, 2007 8:40 AM Subscribe
I could use your help hive mind. I'm currently taking an accounting course in college, and I'm having difficulties with financial statements and what gets reported where. I'm looking a mnemonic system that can embed this into my brain, as well as tricks and formulas which can help simplify this for me.
posted by dropkick to education (6 answers total) 2 users marked this as a favorite
More specifically, it's the income statement, the statement of owners equity and the balance sheet. I've been toiling on assigned homework for several days, but there has to be an easier way to figuring out a balance sheet. Your suggestions are appreciated.