1. Starting with cash flows -- 2. Introducing the balance sheet and the income statement -- 3. Profit isn't everything -- 4. Sales revenue and accounts receivable -- 5. Cost of goods sold expense and inventory -- 6. Inventory and accounts payable -- 7. Operating expenses and accounts payable -- 8. Operating expenses and prepaid accrued expenses -- 9. Long-term operating assets : depreciation and amortization expense -- 10. Accruing unpaid operating expenses and interest expense -- 11. Income tax expense and income tax payable -- 12. Net income and retained earnings ; earnings per share (EPS) -- 13. Cash flow from profit and loss -- 14. Cash flows from investing and financing activities -- 15. Growth, decline, and cash flow -- 16. Footnotes : the fine print in financial reports -- 17. CPAs, audits, and audit failures -- 18. Choosing accounting methods and quality of earnings -- 19. Making and changing accounting standards -- 20. Cost of goods sold conundrum -- 21. Depreciation dilemmas -- 22. Ratios for creditors and investors -- 23. A look inside management accounting -- 24. A few parting comments.
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