What is the purpose of the following statements? Statement of financial position. Statement of profit
Question:
What is the purpose of the following statements?
• Statement of financial position.
• Statement of profit or loss & other comprehensive income.
• Statement of changes in equity.
• Statement of cash flows.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
The purpose of each of the financial statements youve mentioned is to provide valuable information about a companys financial performance financial po...View the full answer
Answered By
Collins Njuguna
I graduated from Maseno University with a Bachelor of Science in Applied Statistics. After graduation, I started tutoring students in mathematics. My experience in mathematics education is extensive and varied. I have taught a wide range of topics, including algebra, geometry, trigonometry, calculus, statistics, probability, and computer science. I have also worked with students of all ages and backgrounds, from elementary school to college.
My teaching method is based on the idea of hands-on learning. I believe that students learn best when they are actively engaged in the learning process, so I focus on giving students the tools they need to explore the material on their own. I also emphasize the importance of practice and review, as these are essential for mastering math concepts.
I have also developed several online and in-person courses on mathematics. My courses are designed to help students learn mathematics in an efficient and comprehensive way, and I use a variety of activities and exercises to ensure that my students are engaged and motivated.
Overall, my passion for mathematics and teaching has allowed me to be a successful tutor and educator in the field. I am confident that my experience will help your students master the mathematics they need to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Fundamental Accounting
ISBN: 9781485112112
7th Edition
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
Question Posted:
Students also viewed these Business questions
-
Assume that your firm has a positive cash balance and that the cash balance is increasing each year Why then is it important to analyze a statement of cash flows
-
Consider the excerpts from the 2007 financial statements of Berkshire Hathaway shown below and on the next page to answer the following questions. 1. What was Berkshire Hathaways comprehensive income...
-
In its report to shareholders for its quarter ended April 30, 2007, TD Bank Financial Group reported the following items ($ million) in other comprehensive income: Change in unrealized gains and...
-
Name each of the following compounds using R,S and E,Z (Section 3.5) designations where necessary: a. b. c. d. e. f. g. h. CH2CH3 H- CH3 H2CH C-C C-C CI Br CH,CH CH-CH,CH,CH, - H3C CH2CH2l CH2CH...
-
Name the five steps of the theory of constraints and explain the purpose of each. Which is the most important step and why?
-
(Record information on a spreadsheet, prepare a balance sheet, LO 1, 2, 5) In addition to the information provided in Problem 2-5, you also learn the following about Louiss assets: Louis thinks that...
-
2. Many companies use economists forecasts of foreign-exchange rates to translate cash flow projections denominated in foreign currency. What are the possible drawbacks of using such forecasts?
-
The steps in the accounting cycle are listed in random order. Fill in the blank next to each step to indicate its order in the cycle. The first step in the cycle is filled in as an example. Order...
-
Secolo Corporation stock currently sells for $58.93 per share. The market requires a return of 9.1 percent on the firms stock. If the company maintains a constant 4.92 percent growth rate in...
-
What is the difference between a public company and a private company?
-
Here is the trial balance of Katrinas Kombuis as at 31 December 20x6. It is Katrinas policy to determine selling prices by marking up all goods by 30% on cost, and to use the perpetual inventory...
-
A small manufacturing company has an estimated annual taxable income of $195,000. Due to an increase in business, the company is considering purchasing a new machine that will generate additional...
-
Go to: https://www.instagram.com/ryderseyewear/ on your desktop, laptop, or mobile (or a combination of all 3). You are the new Social Media Marketing Manager for Ryders Eyewear. You've been asked...
-
As leaders, it is very important that we have the ability to assess our own motivation and the motivation of others around us. It is also important to recognize the key factors involved in...
-
At the end of this exam, you will find Article 1 - " How Companies Can Prepare for a Long Run of High Inflation ". Please read the article and, when necessary, consult additional sources and the...
-
You can develop your capabilities as a manger by better understanding different ways of motivating and rewarding employees. You can also better prepare for your own career by better understanding the...
-
Topic: Project Malasakit of Kara David https://projectmalasakit.org/ What is the pros and cons of these alternative courses of the action below: Strengthen the internal organization via promoting it...
-
What effect does Earth's magnetic field have on the intensity of cosmic rays striking Earth's surface?
-
Economic feasibility is an important guideline in designing cost accounting systems. Do you agree? Explain.
-
Bartel Company produces a product that can either be sold as is or processed further. Bartel has already spent $10,000 to produce 250 units that can be sold now for $13,500 to another manufacturer....
-
A guitar manufacturer is considering eliminating its electric guitar division because its $76,000 expenses are higher than its $72,000 sales. The company reports the following expenses for this...
-
Tak Company has a machine with a book value of $50,000 and a remaining five-year useful life. A new machine is available at a cost of $75,000, and Tak can also receive $40,000 for trading in its old...
-
Read the following and then answer the questions below:September 12: A Brisbane business offers by letter to sell 500 tyres to a New Zealand company. The Brisbane company does not specify a method of...
-
Fred returns home from work one day to discover his house surrounded by police. His wife is being held hostage and threatened by her captor. Fred pleads with the police to rescue her and offers...
-
Would like you to revisit one of these. Consideration must be clear and measurable.if you can't measure it then how can you show it has / has not been done?How can you sue someone for breach of...
Study smarter with the SolutionInn App