[vc_row][vc_column][trx_tabs initial=”1″ scroll=”yes” height=”300″ top=”25″ bottom=”25″ class=”2em”][trx_tab title=”Lesson Objective” tab_id=”sc_tab_1517189100_1_83″ class=”2em”][vc_column_text]The objective is to:
1. Explain the meaning of financial statements
2. Describe the purpose of financial statements
3. Identify the key users of financial statements
4. Describe an income statement
5. Explain the treatment of stock in income statements
6. Prepare an income statement
7. Describe a statement of financial position (Balance Sheet)
8. Determine value of non-current assets, liabilities and owners’ equity
9. Prepare statement of financial position[/vc_column_text][/trx_tab][trx_tab title=”Lesson Outline” tab_id=”sc_tab_1517189100_2_27″ class=”2em”][vc_column_text]I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.[/vc_column_text][/trx_tab][/trx_tabs][/vc_column][/vc_row]