Financial Accounting

1) What 3 items of important information does the income statement reveal about the financial performance of the company over the last three years?

2) What 3 items of important information does the balance sheet reveal about the financial position of the company over the last two years?
3) Can you identify the major sources of funding used by the company from the information presented in the company’s annual report?
If not, how could you get this information?

4) Who is responsible for:
a) the issuance, and
b) the content
of the company financial statements?
5) What assurance, if any, is there that the financial statements are in compliance with GAAP, and are free of material misstatements?
6) Of what use, if any, are the notes to the financial statements?

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Financial Accounting

1) What 3 items of important information does the income statement reveal about the financial performance of the company over the last three years?

2) What 3 items of important information does the balance sheet reveal about the financial position of the company over the last two years?
3) Can you identify the major sources of funding used by the company from the information presented in the company’s annual report?
If not, how could you get this information?

4) Who is responsible for:
a) the issuance, and
b) the content
of the company financial statements?
5) What assurance, if any, is there that the financial statements are in compliance with GAAP, and are free of material misstatements?
6) Of what use, if any, are the notes to the financial statements?

Leave a Reply

Your email address will not be published. Required fields are marked *