ACCT212 Financial Statements Discussions

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ACCT212 Financial Statements Discussions
Students are encouraged to use online collaboration tools to create a submission…

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ACCT212 Financial Statements Discussions

ACCT212 Financial Statements Discussions

Week 1 – All Students Posts – 42 Pages 

Students are encouraged to use online collaboration tools to create a submission 2-4 minutes in length, explaining either an article on the financial statement discussion topic, or assignment work you have done in relation to the discussion topic. Discuss the financial statements of a company of your choice, what they mean in to the company and its shareholders, and how the financial statements relate to each other.

The importance of knowing the basic accounting knowledge is to know how much profit the company will be receiving and how much goes to the shareholders. It helps keep track of where the money is going when ordering materials, paying bills, paying employees, and paying off other necessities to make sure you are not losing money. It helps the employer see where they are wasting money and fix it, so that they do not continue to lose more money…