Chapter
3
Operating
Decisions
and
the
Accounting
System
PowerPoint Authors:
Susan Coomer Galbreath, Ph.D., CPA
Charles W Caldwell, D.B.A., CMA
Jon A. Booker, Ph.D., CPA, CIA
Cynthia J. Rooney, Ph.D., CPA
McGraw­Hill/Irwin
Copyright © 2014 by The McGraw­Hill Companies, Inc. All rights reserved.
Understanding
the
Business
How
do
business
activities
affect
the
income
statement?
How
are
these
activities
recognized
and
measured?
How
are
these
activities
reported
on
the
income
statement?
3-2
The
Operating
Cycle
3-3