acc_557_week_1_dq_2.doc

Jun 2nd, 2015
Studypool Tutor
Price: $10 USD

Tutor description

acc_557_week_1_dq_2.doc

Word Count: 500
Showing Page: 1/4
Financial Statement Differentiation PaperNameACC/561DateInstructorFinancial Statement Differentiation PaperAn organizations ability to decipher information from financial statements is very important, an organization would need to know things like how much cash the company has on hand to meet immediate needs or unforeseen demands, how leveraged a company is with its debt and equity, and if the company is retaining enough money from its income to reinvest in the company or pay dividends to investors. Let's start with a description of the income statement, retained earnings statement, balance sheet, and statement of cash flows.Income StatementThe income statement focuses on reporting the success or failure of a company's operations over a period of time, the income statement list revenues and then expenses within the statement, net income or loss is then determined by subtracting expenses from revenues.Retained EarningsThe retained earnings statement focuses on how much the retained earnings where for a specific period and the causes of these changes. Retained earnings are reached by taking net income and deducting dividends from this amount with the result being t

Review from student

Studypool Student
" awesome work thanks "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1829 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors