Interrelationship Among Financial Statements
Your book this week discussed financial reporting, and the balance sheet. Discuss the interrelationship among the income statement, balance sheet, and statement of cash flow
• Write a minimum of 250 and a maximum of 300 words.• Support your post by citing one reference (other than the text) inthe discussion.
• Submit your original post
• Respond to at least 1other post
• Failure to submit posts in a timely manner, meet the assigned minimum word count, include citations and references for external sources, or respond to an instructor or peer comment wm result in a loss of points.
• Note: Cite paraphrased information obtained from another source but do not use quotes. Do not use any quoted or copied material.
Interrelationship among Financial Statements
Name
Institution
Course Code and Title
Instructor
Date
Interrelationship among Financial Statements
The three main financial statements in an organization are a balance sheet, an income statement, and a cash flow statement. Businesses communicate their performance to investors, management, and lenders through financial statements. Upon reparation of the financial statement, the information is analyzed through financial ratios that guide decision-making and help identify areas that need changes for the achievement of organizational goals (Nowicki, 2017). The financial statements are distinct in detail but interrelated information that comprehensively defines an organization's performance.
The balance sheet is a statement with the company book value divided into three parts assets liabilities and shareholders’ equity. The balance sheet must comply with the accounting formula
👀 Other Visitors are Viewing These APA Essay Samples:
-
4 - Memo
2 pages/≈550 words | 2 Sources | APA | Accounting, Finance, SPSS | Coursework |
-
Updated CPP: YOU ARE A PRIVATE EQUITY FUND ANALYST ASSESSING A TAKE PRIVATE OPPORTUNITY (AN...
8 pages/≈2200 words | 10 Sources | APA | Accounting, Finance, SPSS | Coursework |
-
Finance Project report
3 pages/≈825 words | 8 Sources | APA | Accounting, Finance, SPSS | Coursework |