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Impact of accounting transactions in financial statements

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Reference no: EM133154663

1. Explain the impact of accounting transactions in financial statements.

2. Describe the elements and purpose of each financial statement.

3. Discuss the components and use of financial analysis.

When responding to essay requirements, be as specific as you can, e.g., -

1. How do you record a financial transaction? What is their impact? Transactions are record in the journal and subsequently posted to their specific ledger accounts.

2. In brief, what does each of the 4 financial statements tell a prospective investor?

3. What are some of the specific tools/techniques used by financial analysts (e.g., ratios, vertical, horizontal analysis, other)? When possible, demonstrate/apply the tool in use.

Reference no: EM133154663

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