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What is the most common and important financial statements?
Following are the most common and important financial statements: 1 - Income statement 2 - Balance sheet 3 - Cash flow statement
What are the important factors in the financial statement of a shoe manufacturer?
the most important factor in financial statemant if a shoe manufacturer is the retailer
What financial statement is most likely to provide information about a company's ability to repay debt?
Statement of financial position (Balance sheet)
Why auditor's reports are important to users of financial statement?
to control the finance activitiies
Is income statement same as financial statement?
no. income statement is a only a statement in financial statements.
What is the most common and important financial statements?
Following are the most common and important financial statements: 1 - Income statement 2 - Balance sheet 3 - Cash flow statement
What are the important factors in the financial statement of a shoe manufacturer?
the most important factor in financial statemant if a shoe manufacturer is the retailer
What is the important of financial account?
it helps one to know his financial statement
What do you most likely keep in a database?
Important records, such as a financial statement is an item that you would be most likely to keep in a database.
Explain what the Du Pont financial system reveals?
The system shows the various components affecting ROA, such as profit, non- current and current assets, and the most important figures appearing on the statement of income and the statement of financial position.
What financial statement is most likely to provide information about a company's ability to repay debt?
Statement of financial position (Balance sheet)
What financial statement is most likely to provide information about a company ability to repay debt?
Statement of financial position (Balance sheet)
Can you consider notes to financial statement to be a financial statement?
Notes to financial statement can be considered to be a financial statement since they report the details and additional information that are left out.
Why auditor's reports are important to users of financial statement?
to control the finance activitiies
Is income statement same as financial statement?
no. income statement is a only a statement in financial statements.
What are the interrelationships that are important to understand when preparing financial statements?
The net income from the income statement is used in the retained earnings statement.
Why is accounting important in business?
Accounting is important because it records the day to day financial activities of a business. It is basis for all financial statement and earnings reports of a company. Most companies today follow Generally Accepted Accounting Principles (GAAP).
