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Financial Statements Paper ACC/290 University of Phoenix

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Financial statements are a way of communicating numbers within a business. Without proper numbers your business could be a success or a big failure. ?You will rely on them to make decisions, and managers will use them to evaluate your performance. That is true whether your job involves marketing, production, management, or information systems? (Kimmel, 2009). The financial statements shows the business financial standpoint at a given time period, and it also helps the business to understand what they need to do to improve. A company?s livelihood depends greatly on their financial statement because it determines if the business is successful, can it hire new employees, or can it receive any more additional loans.;A financial standpoint of the company is monitored by its financial statements. The four basic financial statements are retained earnings statement, balance sheet, income statement, and statement

 

Paper#20673 | Written in 18-Jul-2015

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