accounting

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Title: accounting

Essay Details:

Subject: Business

Author: Lola A

Date: September 11, 2012

Level: University

Grade: A

Length: 5 / 1224

Essay text:

Are there other qualitative characteristics? If there are, list and explain them. e) List and define the elements of financial statements. Answers for given questions: Question 1 (a) List out the financial statements that reporting enterprises present in their annual reports. What information can be derived from these statements? Financial statements (or financial reports) are formal records of a business' financial activities. These statements provide an overview of a business' profitability and financial condition in both short and long term. The reports contain financial information about an organization...

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