ACC 290Financial Statements Paper

May 1st, 2015
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ACC 290Financial Statements PaperACC/290University of PhoenixFinancial statements are a way of communicating numbers within a business. Without proper numbers your business could be a success or a big failure. You will rely on them to make decisions, and managers will use them to evaluate your performance. That is true whether your job involves marketing, production, management, or information systems (Kimmel, 2009). The financial statements shows the business financial standpoint at a given time period, and it also helps the business to understand what they need to do to improve. A companys livelihood depends greatly on their financial statement because it determines if the business is successful, can it hire new employees, or can it receive any more additional loans.A financial standpoint of the company is monitored by its financial statements. The four basic financi

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