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Ethical behavior is just as important as competence in the accounting and financial field.
Member rating: No Rating | Words: | Submitted: Mon Apr 24 2006
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Ethics Article Keneisha Dunlap University of Phoenix FIN-324 GA04BSMO9 Emmanuel Ogunji October 5, 2005 Financial Translations Four Corners article assist stakeholders with the understanding finance and financial statements, the four corners represent the four basics of financial statements. The first corner is the balance sheet, which is a statement of equity that includes assets, stockholders, and liabilities. The balance sheet must give an account of the total assets and total liabilities. The balance sheet is usually done quarterly or per fiscal year. The second corner is income statement. The income statement is reviews a company's revenues and expenses, they also project sales, expense, profit or loss. The income statement just as the balance sheet is done quarterly or yearly. The third corner is the statement of retained earnings. This statement gives the company two opportunities to either distribute the dividends that have been saved rather been paid out and distribute them amongst shareholders or retain the...
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