Chapter 15: Accounting and Finance

Module: Accounting and Finance

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Why It Matters: Accounting and Finance

Why do Accounting & Finance matter?

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Show What You Know

Take this pre-test to see what you already know about the concepts in this section. The pre-test does not count toward your grade, but will help you plan where to focus your time and effort as you study. The pre-test is optional.

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Accounting in Business

Define accounting and explain its role as a form of business communication

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Key Financial Statements

Identify four key financial statements, the components of each statement and their primary uses

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The Break-Even Point

Calculate the break even point where profit will be equal to $0, using information from financial statements

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Quantitative Analysis

Explain the importance of quantitative analysis in managerial decision-making and problem-solving using basic financial ratios

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Financial Ratios

Calculate basic financial ratios to measure the profitability and health of a business such as quick ratio and acid test ratio

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Ethical Practices in Accounting

Discuss the importance of ethical practices in accounting and the implications of unethical behaviors

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Putting It Together: Accounting and Finance

Accounting & Finance

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Quiz

You can take this quiz twice. Your highest score will count as your grade. Don’t wait until the last minute to take the quiz – take the quiz early so you’ll have plenty of time to study and improve your grade on your second attempt.