Course Outline

AFTERNOON (1:30pm to 5:30pm or equivalent)

$ Capitalizing versus Expensing

$ Buying and Improving Real Estate; Straight-Line Depreciation

$ The Cash Statement – tracking all cash transactions

$ Buying Equipment; Accelerated Depreciation

$ Accounting for Spoilage

$ What Retained Earnings Is and Is Not

$ Running out of Cash... On a daily basis & cash runs the business, not profit

$ Income Tax Expense and Liability

$ Liquidation of the Case Study Lemonade Stand Business at the End of Summer

$ Trend Analysis – key questions to ask

$ Which Dollars Drive Net Profit? – Cost of Goods and Expense

$ Using Dollars and Ratios in Trend Analysis

$ Action Planning

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