{"id":2235,"date":"2020-02-11T02:28:53","date_gmt":"2020-02-11T02:28:53","guid":{"rendered":"https:\/\/course.oeru.org\/bman111\/?page_id=2235"},"modified":"2020-02-11T02:28:53","modified_gmt":"2020-02-11T02:28:53","slug":"basic-definitions","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/bman111\/learning-pathways\/understanding-financial-statements\/basic-definitions\/","title":{"rendered":"Basic definitions"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<div class=\"floatright\"><a href=\"https:\/\/wikieducator.org\/File:Lupa.na.encyklopedii.jpg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"Lupa.na.encyklopedii.jpg\" src=\"\/\/wikieducator.org\/images\/thumb\/f\/f4\/Lupa.na.encyklopedii.jpg\/320px-Lupa.na.encyklopedii.jpg\" width=\"320\" height=\"174\" class=\"img-responsive\"><\/a><\/div>\n<p>Before you can read and interpret financial statements, you need to be familiar with key accounting concepts. These include:\n<\/p>\n<ul>\n<li> Income\n<\/li>\n<li> Expenses\n<\/li>\n<li> Revenue\n<\/li>\n<li> Assets\n<\/li>\n<li> Fixed asset\n<\/li>\n<li> Current asset\n<\/li>\n<li> Liability\n<\/li>\n<li> Current liability\n<\/li>\n<\/ul>\n<p>\n<br style=\"clear:both;\">\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"activity\" src=\"https:\/\/course.oeru.org\/bman111\/wp-content\/themes\/oeru_course\/idevices\/Icon_activity.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Definition search<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p>For the eight accounting concepts listed above:\n<\/p>\n<ol>\n<li> Search the internet for some definitions of each concept, and select the one you find the most helpful.\n<\/li>\n<li> Think of an example of each concept, ideally from your own business idea.\n<\/li>\n<\/ol>\n<p>In your learning journal, create a table or list of the eight concepts, with your preferred definition of each one (with a link to where you found it) and your example.<br \/>\nRemember to tag your post using the course code: BMAN111\n<\/p>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.141 seconds\nReal time usage: 1.096 seconds\nPreprocessor visited node count: 88\/1000000\nPreprocessor generated node count: 798\/1000000\nPost\u2010expand include size: 2487\/2097152 bytes\nTemplate argument size: 1015\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:186644-0!*!*!*!*!2!* and timestamp 20200211022849 and revision id 1074077\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/bman111\/learning-pathways\/understanding-financial-statements\/video-signpost\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/bman111\/learning-pathways\/understanding-financial-statements\/income-statement\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/div>\n<footer>\n<br \/>\n<\/footer>\n","protected":false},"excerpt":{"rendered":"<p>Before you can read and interpret financial statements, you need to be familiar with key accounting concepts. These include: Income Expenses Revenue Assets Fixed asset Current asset Liability Current liability \u2190 Previous Next \u2192<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":2229,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2235","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/bman111\/wp-json\/wp\/v2\/pages\/2235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/bman111\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/bman111\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/bman111\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/bman111\/wp-json\/wp\/v2\/comments?post=2235"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/bman111\/wp-json\/wp\/v2\/pages\/2235\/revisions"}],"predecessor-version":[{"id":2236,"href":"https:\/\/course.oeru.org\/bman111\/wp-json\/wp\/v2\/pages\/2235\/revisions\/2236"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/bman111\/wp-json\/wp\/v2\/pages\/2229"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/bman111\/wp-json\/wp\/v2\/media?parent=2235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}