What is a Financial Statement?, accounting homework help

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Question Description

Please respond to the question below. Your response should fully address all elements of the question and be a minimum of 200 words long.

In presenting financial statements, what do you feel is the most important statement and why? Give an example of a decision you have made or observed being made involving financial statement analysis.

Please respond to the following question below Your response should fully address all elements of the question and be a minimum of 75 words long or more.

  • In what method of accounting, accrual or cash, does the matching principle apply?
  • Explain the benefits of each for business.

Tutor Answer

EinsteintheProf
School: Cornell University

Good luck in your study and if you need any further help in your assignments, please let me know.Goodbye.

Running head: FINANCIAL STATEMENTS

1

The Most Important Statements in a Financial Statement
Name
Institutional Affiliation

Financial Statements and the Matching Concept

2

Every fiscal quarter, the shareholders of any company eagerly await the release of the
financial statements. For any company, this is always a pivotal moment and can present either
trouble or opportunity. A good financial statement can be good news to the shareholder since it
means increased dividends and shareholder equity (Fridson, & Alvarez, 2011). It's not just the
shareholders that look forward to reading a company's financial statement but also...

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