... INTRODUCTION TO FINANCIAL STATEMENTS 1-2 Financial Accounting, Seventh Edition Learning Learning Objectives Objectives After studying this chapter, you should be able to: 1-3 Describe ... includes: 1-32 Financial statements Management discussion and analysis Notes to the financial statements Auditor's report LO Describe the components that supplement the financial statements ... liabilities, and stockholders’ equity, and state the basic accounting equation Describe the components that supplement the financial statements in an annual report Preview of Chapter Financial Accounting...