Book contents
2 - The need for financial information
from Part I
Published online by Cambridge University Press: 05 June 2012
Summary
The need for financial information
Chapter 1 has given you an overview of the information contained in a set of accounts. This chapter will significantly deepen your understanding by means of exploring the underlying logic of accounting. Our approach will be intuitive, asking basic questions and developing simple worked examples. In this way, we will gradually build up an understanding of why we have cash flow statements, income statements and balance sheets in the first place, how and why these statements are related to one another, and what their inherent strengths and weaknesses are.
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- Short Introduction to Accounting , pp. 27 - 46Publisher: Cambridge University PressPrint publication year: 2011