Grasp the expenses and revenue


Choose an industry from the following: retail, financial, or transportation. Identify at least one publicly traded company that does business within that particular industry. Collect from credible sources (e.g., nationally syndicated newspapers, peer-reviewed journals, investor relations Web sites) the four main financial statements. Create a flow chart that illustrates the steps in the accounting cycle and include in the chart the information that fits best in the steps from the company that you chose. (Utilize the information from the financial statements to help you better grasp the expenses and revenue that is incurred by the firm.)

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Accounting Basics: Grasp the expenses and revenue
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