What's Behind the Numbers?

Section Map: What's Behind the Numbers?

Framing Record Keeping and Reporting

  • Accounts, entries and judgments behind the numbers
  • Balance-sheet equation matrix
  • Record-keeping and reporting map
  • Insider and outsider perspectives

Recording Entries: Balance-Sheet Equation Approach   

  • 6 Step Process: Recording entries with BSE

Recording entries: Journal entry approach

  • 6 Step Process: Recording journal entries

Accounting Judgment: Basics  

  • Decision making hierarchy
  • Recognition decisions
  • Measurement decisions
  • Classification and disclosure decisions