Ryan Fitts_Accounting_Finial_paper

Ryan Fitts_Accounting_Finial_paper - bookkeeping Learning...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
I have enjoyed this accounting class and all I have learned that I will be able to apply in the work force. It will be very useful to know what I have studied in this course and to understand finical statements to know how businesses run. In balance sheets, income statements, statements of cash flows, and retained earnings are key areas to show if a business is running at it full potential. I have always been told that your assets should out weigh your liabilities so you can make up for when times are hard. I say this is true for all businesses as well to help keep them from going out of business. It always seems that many businesses leverage themselves to much and soon they have to clam bankruptcy. When this happen it just makes it that much more difficult for the next person in line that is trying to open up a business to get a loan. I think it pays to be honest and run your business the best you can by keeping track of everything that comes in and goes out with proper
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: bookkeeping. Learning about the deprecation and the life cycle of you assets helps open your eyes and teaches you ways to write off thing that you use to operate your company. There are many ways to run a business but is best to know all the right ways to write off things you may have fixed or deprecating through time. This can save you money at the end of the year and help maximize you profit. I look forward to the years to come and using what I have been taught in this class from notes payable, accounts receivable, to deprecation. I am excited to know how to read a business finical statements and know if the business is successful or on the verge of going out of business. I know accounting is one of the key components to running a successful business and I will continue learning as much as I can in the years to come....
View Full Document

This note was uploaded on 05/26/2011 for the course ACCT 113 taught by Professor Sherrykamradt during the Summer '10 term at Kaplan University.

Page1 / 2

Ryan Fitts_Accounting_Finial_paper - bookkeeping Learning...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online