User Account

All Pages

Which financial statement reports the accounting equation

Assignment Help Accounting Basics
Reference no: EM131452719

Accounting Interview Questions

Please generate professional answers, newly written.

You are in an interview for an accounting position, and you have been asked the following questions. Respond to each of these questions in a professional manner.

1. Define and explain the components of the relationship with the income statement, retained earnings, balance sheet, and cash flow statement according to GAAP. In your response post, explain the accounting equation and identify which financial statement reports the accounting equation.

2. Describe basic business activities that financial accounting seeks to measure and communicate to external parties. Who are these external parties?

3. In addition to the financial statement elements arrayed in the basic financial statements, discuss some other ways to disclose financial information to external users.

4. What are some examples of closing entries and why are they necessary?

Reference no: EM131452719

Questions Cloud

Discuss the brics and any other categories : Discuss the BRICS and any other categories that factor into global growth and why. Based on the lecture explain how and why global business has grown.
Draw a graph of a vertical displacement of the beam : MEC3302 - Computational Mechanics in Design, S1 2017 Assignment. Draw a graph of a vertical displacement of the beam
Compare and contrast dna and rna : Compare and contrast DNA and RNA. Discuss why humans did not evolve with one central repository of DNA, but rather it is replicated throughout the body?
What is the current population survey : What is the Current Population Survey and how is it used? What is the Current Employment Statistics program and how is it used?
Which financial statement reports the accounting equation : In your response post, explain the accounting equation and identify which financial statement reports the accounting equation.
Write balanced chemical equation for beta decay of cesium : write the balanced chemical equation for the beta decay of cesium 130.
What is textual programming language : As an enhancement of the previous programming exercise, consider the problem of programming the robot to write any letter that is entered at the alphanumeric.
Which estimate is likely to be more accurate : The value of Rocky Brands stock using the EBITDA ratio is?. Which estimate is likely to be more accurate?
Determine the equilibrium point : Using a product of your choice along with prices and quantities you select, create a tutorial that will teach somebody how to draw a supply curve.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd