Chapter
4
Adjustments,
Financial
statements,
and
the
quality
of
earnings
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
Management
is
responsible
for
preparing
.
.
.
Financial
Statements
High
Quality
=
.
.
.
useful
to
Relevance
+
investors
and
Reliability
creditors.
4-2
Accounting
Cycle
4-3