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Just before you came on board, several new, junior accountants had been hired to start in the financial accounting area, as well as a senior financial accounting analyst. To get the junior accountants off on the right foot, you planned to have a breakfast meeting with them to discuss a number of financial accounting basics.;Describe the 4 financial statements they will be preparing at the end of each period and what each one tells the managers and other stakeholders.;Explain at least 1 weakness inherent in using each of the following 3 statements to assess the company's health;income statement;balance sheet;cash flow statement In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings. The following grading criteria will apply to this assignment;Grading Criteria;40%;Describe the 4 financial statements they will be preparing at the end of each period and what each one tells the managers and other stakeholders.;40%;Explain at least 1 weaknesses inherent in using each of the following 3 statements to assess the company's health;income statement;balance sheet;cash flow statement;20%;Post a response to the Discussion Board and comment on other postings;For assistance with your assignment, please use your text, Web resources, and all course materials.;Unit Materials

 

Paper#76474 | Written in 18-Jul-2015

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