Explain role of cpa vs employee in preparing financialsthe

Assignment Help Business Management

Reference no: EM13370125

Explain role of CPA vs employee in preparing financials

The majority stockholder of a small corporation tells you, the company's CPA, to "forget about preparing that cash flow statement" because he needs to take financial statements to the bank immediately. "Besides," he says, "we have more cash in the bank now than we did last year at this time." As the controller for the company, you are required to comply with Generally Accepted Accounting Principles (GAAP). As an employee, you need to comply with the boss.

In your role as company controller, discuss what you should do to comply with both masters. As part of your discussion, explain what is missing from the majority stockholder's understanding of how the statement of cash flows is used, for decision-making by both internal and external entities.

Reference no: EM13370125

Questions Cloud

Quality team effectiveness amp employee developmentplease : quality team effectiveness amp employee developmentplease explain1. how can an employee be motivated by quality

Sample question businessshow how the telebank call center : sample question businessshow how the telebank call center operates as a socio-technical system. please be sure to

Chocolate is a large online company that sells chocolates : chocolate is a large online company that sells chocolates in the us and canada. currently the sales are declining

Strategy and evaluationexplain what are some types of : strategy and evaluation.explain what are some types of alternatives strategies organizations may use to realize growth

Explain role of cpa vs employee in preparing financialsthe : explain role of cpa vs employee in preparing financialsthe majority stockholder of a small corporation tells you the

Show the sustainability in businessthe sustainability model : show the sustainability in businessthe sustainability model offers a vision of future business that many

Positivism versus contsuctitivismhospital managers are : positivism versus contsuctitivismhospital managers are concerned that some patients with medical emergencies wait too

Explain the goal theory with a company exampleneed help : explain the goal theory with a company exampleneed help finding an information on any company except starbucks general

Analyzing budgets for cost cuttingdr stephanie white the : analyzing budgets for cost cuttingdr. stephanie white the chief administrator of uptown clinic a community mental

User Account

All Pages