ACCTAssignhardic

ACCTAssignhardic - inventory to help increase possible...

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

View Full Document Right Arrow Icon
Financial Statements Assignment 1 Lachele Hardic Dr. Roderick Hogan Accounting 557 Financial Accounting 11/30/11
Background image of page 1

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

View Full DocumentRight Arrow Icon
Income Statements are imperative not only to investors but also to top management, the balance sheet lays out the company’s Assets, liabilities and stockholders’ equity. The Income sheet lays out the expenses and revenues. These two important documents help the company and outsiders to understand the company’s current financial positions. I want to own my own store in the near future, as a business owner I would want to study my income statement in order to see how my expense line up against my revenues. If my expenses are too high then I will need to reassess my debt and plan for how to increase my revenues or decrease my debt or both. A business manager can use this to project future earnings and adjust marketing and
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: inventory to help increase possible sales and adjust wages. It would also help to show whether the current strategy is a good fit for their company. I am currently looking for a job in management. My understanding of balance sheets and income statements will help me to run the store where Im hired and impress those over me if ask to assist on projects than are focused on management strategy. The understanding of these statements is pertinent to any manager. Top managers and CFOs must keep track of the finances within the company and try to keep the books straight with no false information. Lack of ethics in the accounting system can cause a major down turn in the company....
View Full Document

Page1 / 2

ACCTAssignhardic - inventory to help increase possible...

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