Major Financial Statements and Human Resource Management Coursework

Major Financial Statements and Human Resource
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Major Financial Statements and Human Resource
A company’s balance sheet is a “snapshot” of the business’s position in that it indicates its assets, liabilities as well as the stakeholders’ equity at a very specific moment in time. The great thing about this financial statement is that it follows a standard accounting format that applies to every other business regardless of its size or nature. Usually, the balance sheet is prepared at the end of the accounting period.
On the other hand, the matching principle in income statement demands that firm report expenses in the relative period as to the revenues earned (Fera, Moscariello, & Cinque, 2018). It is a principle that is closely linked to the accrual basis of accounting and adjusting entries. Further, it will result in a liability that appears in the balance sheet.
A company’s cash flow analysis takes into account the company’s cash position. Sufficient cash position in the compan...