Dominant Language Ideology

In the accounting industry, it is vital to have a degree that makes the employee knowledgeable in the industry's terminology. Pictured to the left is a diagram of the four financial statements and their flow pattern. In basic accounting classes this is one of the first things professors teach. The income statement determines net income for the statement of retained earnings. The statement of retained earnings then determines retained earnings for the balance sheet. Lastly, the balance sheet determines the ending cash balance for the statement of cash flow.