Essay Available:
Pages:
1 page/β275 words
Sources:
Check Instructions
Style:
Other
Subject:
Accounting, Finance, SPSS
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 5.62
Topic:
The importance of having accurate financial information
Coursework Instructions:
Explain a scenario whereby you might use the financial information found in the balance sheet or income statement of a company. This could be at your current or prior job, as part of a future business venture, or as an investor. Cite any references used. I need 150 words
Coursework Sample Content Preview:
The Balance Sheet and Income Statement
Student’s Name
Institutional Affiliation
The Balance Sheet and Income Statement
In the future, I will open and run my own business venture. As such, since I understand the importance of having accurate financial information, I will keep proper records for my firm. For instance, all the value of assets, liabilities, and capital will be found in a balance sheet (Weetman, 2019). I will ensure to use an account receivable to record all money that retailers and wholesalers owe the business. However, not all stakeholders will be given goods for them to pay later. Only trusted businesspeople who have been working with my firm for over three years will qualify in having an account receivable.
When it comes to an income statement, it records operating expenses. ...
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