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We'll get started by talking about definitions for fundamental concepts that will be used throughout the course. Costs and revenues will be a major concern, so we need to be clear about what we mean when we describe them in certain ways. In this section, you will also find a review of some basic concepts related to the balance sheet and the income statement. You may or may not have seen these before in an earlier course, but they are covered here just to be on the safe side. Start with "All About Revenues" in the navigation bar below.

All About Revenues | Cost Classifications | Contribution Margin | Income Statement | Balance Sheet

Copyright 2004 Gerald M. Myers. All rights reserved. This site has been developed as aid to instructors and students in managerial accounting. The scenarios contained herein are not intended to reflect effective or ineffective handling of managerial situations. Any resemblance to existing organizations is purely coincidental.
Last modified: August 03, 2005