Accountants-Are-Responsible-For-Preparing-Three-Mo153

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Accountants-Are-Responsible-For-Preparing-Three-Mo153

  1. 1. Accountants are responsible for preparing three most important kinds of financial statements for a company. The profits statement reports the profit-making actions of the company and the bottom-line profit or loss for a specified period. The balance sheets reports thefinancial position of the business at a specific deadline, ofteh the last date for the period. and the statement ofcash flows reports how much cash was generated from profit what the business did with this money.seo optimizacija
  2. 2. Everyone knows profit is a good thing It is what our economy is foundedlying on It does not sound like a really large deal
  3. 3. Make more cash than you spend to sell or manufacture products But ofcourse nothings ever really simple, is it? An income statement, or net profitsstatement first identifies the business and the time period thats beingsummarized within the report You interpret an profits report from the topline to the bottom line
  4. 4. Each one step of the income statement reports the deduction of anexpenditure The income statement also reports modifications in assets andliabilities also, in order that if theres a income increase, its either becausetheres been a rise in equity or even a drop off in a companys liabilities Iftheres been an increase in the expense line, its because theres been either areduce in equity or an increase in liabilities
  5. 5. Net worth can also be referred to as owners equity in the corporationThey are not precisely interchangeable Net worth expresses the total ofassets less the liabilities
  6. 6. Owners equity refers to who owns the assets after the liabilities are satisfied These shifts in assets and liabilities are crucial for owners and executives ofa company because its their responsibility to manage and manage suchadjustments Making a profit in a company involves several variable, not justincreasing the amount of cash that flows through a business, but managementof other assets as well
  7. 7. seo optimizacija For more information you can visit httP://wwwBurtsteingraeber com
  8. 8. seo optimizacija

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