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What reports a company's financial position?
It's the Balance Sheet.
What are the classification of technical report?
what is a classification of reports
What is an accountant duties?
An accountant is supposed to prepare the financial books of a company. He is also supposed to prepare accurate reports regarding payroll, inventory and the cash or bank balance of the company.
What accounting assumption or principle is being violated if a company reports its corporate headquarters building at its fair value on the balance sheet?
historical cost
Balance sheet reports the condition of the business?
A balance sheet, also called a "statement of financial position", reveals a company's assets, liabilities and owners' equity (net worth). The balance sheet, together with the income statement and cash flow statement are used to identify/gauge a company's financial status or position. If you are a shareholder of a company, it is important that you understand how the balance sheet is structured, how to analyze it and how to read it.
Classification of business reports?
wala moy pulos tanan
What is finalization of accounts?
Finalization of accounts is to prepare financial reports along with comparision and brefing of company's financial reports include (Income Statement, Cash flows, Balance Sheet, Statement Chages in Equity, Policies and disclousers) .
What is final accountant?
Finalization of accounts is to prepare financial reports along with comparision and brefing of company's financial reports include (Income Statement, Cash flows, Balance Sheet, Statement Chages in Equity, Policies and disclousers) .
Do majority shareholder investors of a company usually get daily reports from the company?
Yes, majority sharholders of a company usually get daily reports from the company. This does vary from company to company.
How many company owned retail stores does New Balance have?
As of my last update in October 2023, New Balance operates approximately 300 company-owned retail stores worldwide. This number can vary as the company adjusts its retail strategy and expands or contracts its physical presence. For the most accurate and current numbers, it's best to refer to New Balance's official reports or website.
What are the advantages and disadvantages of using company reports?
One of the advantages of using company reports include: management are able to assess the company's progress vs to the plan (know as a forecast). One disadvantage of company reports is, it is time consuming. Advantages outweighs the disadvantages and is recommend to use company reports.
What are the two main financial reports generated at the end of a period and describe their content?
The two main financial reports generated at the end of a period are the income statement and the balance sheet. The income statement details a company's revenues, expenses, and profits or losses over a specific period, providing insight into its operational performance. The balance sheet presents a snapshot of the company's financial position at a specific date, listing its assets, liabilities, and shareholders' equity, which helps assess its solvency and financial stability. Together, these reports offer a comprehensive view of a company's financial health.
