Do you think financial statements are essential to managers? Explain NOTE: No plagiarism from the internet, please! I need your own explanation for me to understand in a deeper explanation. Thank you
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Do you think financial statements are essential to managers? Explain
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- Do you think financial statements are essential to the government? Explain NOTE: No plagiarism from the internet, please! I need your own explanation for me to understand in a deeper explanation. Thank youOne of your friends asked you to help him, and provide some professional advice while his company is developing their own accounting system. Your friend told you that their management style is proactive rather than reactive so you won’t need to worry about getting information you will need to assess the progress. Is the management style of a company crucial for an accountant so s/he can provide better advices?How do you plan to use financial statements in your projected financial statement analysis? Provide rationale for your approach.
- Choose a company that is small to medium sized, is not publicly traded, and does not have an e-commerce presence. Explain the company's products and/or the services they provide. Suggest two beneficial processes (or changes) to the company's operations that will motivate them to integrate e-commerce. Make sure the benefits you selected maps to the benefits mentioned in the readings and outline and in the accounting context.Discuss what the three main financial statements are and what they tell you. What do financial statement readers look for (e.g., risk, return, financial strategy, performance)? Discuss some of the interrelationships between the three main financial statements.Discuss why the numbers found on a balance sheet and an income statement may not be enough to properly evaluate the performance of a business.
- What is the right choice for the manager to make? Why did the ethical dilemma arise? Is there any way to redesign the accounting reporting system to discourage the type of behavior that the manager is contemplating?What are the advantages and limitations of financial statement analysis? Cite some factors to consider in analyzing the financial statements.Big data and data analytics are becoming an important part of an accountant's methods for analyzing the different companies and their performances. The use of these elements enhances organizational performance, improves fraud detection, and increases audit performance and scope. Use the Internet to review at least two news articles or publications about current and future trends in the use of big data. Choose a company that is not publicly traded (a small or medium-sized company). Review the company, and suggest some of the ways in which big data would benefit this company.
- How to distinguish if the financial manager is effective or not?What are the advantages and disadvantages of using financial statements as a tool to analyze company performance?You are the office manager in a busy car repair shop. You handle the shop's credit functions and share a computerized accounting system with the bookkeeper and a newly hired accounts payable clerk, both of whom report to you. The owner has asked you for a recommendation, by next, on which accounting software package to buy. justify whether you delegate or not delega