paragraph form (discussion post)

Topic: Maria comes to you for investment advice. She asks "Which company's stock should I buy? There are so many companies to choose from and I don't know anything about any of them". Required: 1. Explain in detail to Maria the two functions of financial accounting as explained in the book. 2. Indicate and explain the four financial statements reported by companies and the information contained in each. 3. Indicate which of the four basic financial statements you consider the most important, and why. 4. Explain the role of the independent auditor in financial reporting by companies