The Balance Sheet

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Title: The Balance Sheet

Essay Details:

Subject: Business

Author: Gregory G

Date: January 11, 2017

Level: University

Grade: A

Length: 5 / 1483

Essay text:

However, the fact that it is a snapshot means that it is only valid at the time it is produced thus it may not represent a true and fair view. It is possible that a firm may pick a certain day which benefits. The balance sheet can be used to determine how much credit a company will get or whether or not they should be invested in, it is therefore a very important document and managers are aware of this. It is therefore possible that companies will try to format information and calculate figures using methods that present a better financial picture. The opportunity to adopt creative accounting occurs when choices are made about the basis of deprecation, stock and cost of goods sold...

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