Financial Analysis Of Business Solutions Essay - 900 Words

Date: February 10th, 2016 To: Santana Rey, CEO Business Solutions From: Savannah Sprenger, Accountant Subject: Financial Analysis of Business Solutions Ended 2015 It was a pleasure analyzing and interpreting the financial components of Business Solutions. It has been a wonderful opportunity taking part in the accounting aspect of your company. The purpose of this memo is to provide you with a better understanding of your financial position in regards to the information gathered from the most recently ended period of December 31st, 2015. This is best expressed for you through the Financial Statements I have put together. Financial Statements are designed to explain the financial standing of a company through ways that offer information which will further its future success. These financial statements are crucial for making smart decisions financially, and bettering a company’s overall prosperity. Financial Statements are composed in a specific order, because numbers computed in previous statements are crucial to completing the statements that follow. It is important that these numbers are correct since they flow into one another. That being said, Financial Statements are made up of the Income Statement, Statement of Owner’s Equity, and the Balance Sheet (in that order). An Income Statement shows a company’s revenues and expenses, and uses those to determine whether a company has a net income or net loss in accordance to the company’s activities over a period of time.Show MoreRelatedCase Analysis : Us Securities And Exchange Commissions1092 Words   |  5 PagesChao-Wei Chang Enterprise IT Integration October 22, 2015 MACPA Case Analysis Executive Summary The US Securities and Exchange Commissions required many large public companies to submit financial reports in XBRL format, but organizations often concern about the cost and time that associate to transform all their financial data to XBRL. The Maryland Association of Certified Public Accountants, a privately held nonprofit company, recognized the value of XBRL to reduce transactional costs and improveRead MoreWhy Are Information Systems So Essential For Running And Managing A Business Today?1458 Words   |  6 PagesAssignment One 1. 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