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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 415 |
Essay's paper body
How does this article relate to this week learning objectives? In chapter 2 of “Accounting: Concepts and Applicationsâ€, we learned about the balancing sheet, statement of cash flows and how financial statement tie together. We also learned the importance of the audit report. If I understood the chapter correctly it is critically important to have these numbers right and not to mislead people...
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How does this article relate to this week learning objectives? In chapter 2 of “Accounting: Concepts and Applicationsâ€, we learned about the balancing sheet, statement of cash flows and how financial statement tie together. We also learned the importance of the audit report. If I understood the chapter correctly it is critically important to have these numbers right and not to mislead people...
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General points of the essay
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The statement of financial performance is based on data relating to past transactions and events. Hence the statement of financial performance is of no use to an investor’s decision making process.
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