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Financial accounting i about the tutorial this tutorial will help you understand the basics of financial accounting and its associated terminologies. This new edition, like its predecessors, is written primarily for those nonfinancial students and managers who need to know about finance and accounting in any organization. There are a lot of things you need to know of your nonprofit organization before making a financial statement of it. Financial statements 4 financial statements i in this chapter 1 general classification of annual data 2 balance sheet 4 assets 4 liabilities and net worth 5 supplementary balance sheet items 6 supplementary schedules v and vi property, plant, and equipment components 7 supplementary exhibit 27 8 income statement 9 basic income statement 9.
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