The four types of pecuniary statements are income statement, retained earnings statement, repose sheet, and statement of cash flows (Kimmel, Weygandt, & Kieso, 2009). Audited pecuniary statements offer relevant and undeviating information, assist in the execution of wise business decisions, and fork over managers with receiveledge in development, organizing, and business operations. Prior to investing in a beau monde, it is prudent to review and analyze the audited version of income statement, proportion sheet, retained earnings statement, and statement of cash flows usually appoint in high society Annual Report with other necessity information like the management discussion and analysis section. Audited financial statements indicates that the Certified Public Accountant (CPA) examined, and expressed opinion that the statements present fairly the financial position and result of operations of the company in accordance with generally accepted accounting principles (Kimmel et al., 2009). If the meeter did not express an unqualified opinion, the investor needs to review the financial statements care bounteousy to ensure the financial statement reports an accurate come across of the companys financial condition.

In my experience running(a) in sales, at the end of the day the goal of the company was to generate more money, and deliver value for the stockholders. Harold Geneen, the former death chair of IT&T: To be good at your business, you have to know the numbersâ"cold (Kimmel et al., 2009, p. 3).
The income statement displays the profit or termination of the companys operations during the period, and the net income or release is furbish upd by subtracting expenses from revenues (Kimmel et al., 2009). The income statement is important for the management to determine the profitability of the company, and for creditors to determine the credit worthiness, and ability of the company to sacrifice its debt, and for investors to make wise business decisions. As an investor I buy, and cover stocks based on the...If you want to get a full essay, order it on our website:
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