ACC220WK5CKPT (2) - What type of financial reports would...

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What type of financial reports would you expect to see in your department? Since I have been hired at Sunshine Insurance Company in the accounting department overseeing the day to day tasks that are to be completed. I have seen the following financial reports already in my first week that I expected to see in my accounting department like at any company, like the balance sheet which shows me the financial status and position of where our company stands with our assets, liabilities and overall value at any certain point in time. The income statement reveals our company’s results of operations at a certain amount of period in time. Another one I see is the statement of retained earnings which explains all changes that have happened in our company over the reporting time of these statements. Another important financial report I expected to see and I did is the statement of cash flow which is another important part. Because it reveals
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This note was uploaded on 01/07/2012 for the course COM 155 155 taught by Professor Shepherd during the Spring '10 term at University of Phoenix.

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