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Report the economic events affecting a company financial

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Reference no: EM132474126

Question 1: The accounting process is used to identify, analyze, record, summarize, and then report the economic events affecting a company's financial position. The accounting information systems businesses actually use are quite different from company to company.

Question 2: Use the internet to locate the annual report of a public corporation.

Question 3: Identify the name of the company and indicate whether the company uses the accrual basis accounting system or the cash basis accounting system.

Question 4: This information can be found in the disclosure notes section of the annual report.

Question 5: The purpose of the financial statements is to provide financial information about the business organization.

Question 6: Review two of the financial statements in the annual report you researched.

  • Indicate which two statements you reviewed.

Question 7: What can you tell us about the company based upon the review of the two financial statements?

Reference no: EM132474126

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