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Essay

Overview of Accounting

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Issue:

Business

 

Written by:

Leo C

 

Date added:

December 22, 2010

 

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Grade:

A

 

No of pages / words:

3 / 695

 

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6880 times

 

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Contrastingly, financial reports of private businesses are only sent to owners and lenders of that business. So what are the differences between the different types of financial statements: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholder’s equity? Does a “balance sheet” show how a company balances out its monies? Do income statements tell us about every penny earned? Is the flow of money in and out of the business explained in a cash flow statement? Finally, how much is the shareholder’s equity truly worth? Balance sheets provide detailed information about s company’s assets, liabilities, and shareholder’s equity...
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An asset is anything that a company owns that have worth-physical property, trademarks, patents, cash, and investments are examples. Any money that a company owes is considered a liability such as rent, loans, money owed to suppliers, payroll, or taxes. Capital or net worth is shareholder equity and is the money left over after all assets are sold and debts are settled...
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General issues of this essay:
Accounting Assets Accounting Balance Sheet Analysis accounting for income taxes Balance Sheet Analysis Applebee's International Balance Sheet Equity accounting and consolidations Fed Readies For Balance Sheet PE Term Sheet For Equity Quality Analysis of the Balance Sheet of Premier Bank Limited and Jamuna Bank Limited Riordan Balance Sheet The Balance Sheet Accounting Overview Accounting review sheet accounting - finanatial statements Balance Sheet
 

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