Logic - Accounting

There are five main accounts that are presented in MikesBikes-Advanced. These are:

• Cost of Goods Manufactured
• Profit and Loss
• Cash flow
• Balance Sheet
• Movements in Equity

Economic Value Added is an extension of the Statement of Financial Performance and is also described. They all inter-related and because of these linkages it is useful to look at them as a integrated set. Depreciation is also an important issue and this is also covered.