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MEASUREMENT I LAB 6 2/21/12 Measuring how assets and liabilities ar affected is a challenging task. This course has provided insight of the name questions a manager, owner, or investor may ask. Even more authorized are how I may answer those questions. In the term A Letter From Prison I am retortn by emphasis on how MBA students use their bashledge in the workforce. It is essential to apply the current knowledge towards the best hobby of the smart set not the other way around. This was the most important take away for me because I may not be the best account student yet I know how develop questions based on the needs of a company. I do not believe that Stephen Richards was hurting the company but he did not apply the GAAPs standards and has to propagate with those repercussions. It is hard to say exactly what steps I would take but it seems that a simple change in business relationship methods would have solved the problem; as hale as honestly letting the board members know the changes. As a student who is not advance in accounting at all it seems that the right questions were not asked to achieve their goals and that adequate seek was not done. Furthermore, a balance sheet has deeper meaning to me since I can see what the purpose is.

The first two weeks were sticky as a specific direction was unidentified and the age bracket was tense due to the content of the material. But as we began to navigate thru the usefulness of how to read and realise a financial arguing the discussions become easier to relate to. Off the top of my head I know that if I am looking at a balance sheet that is just a piece of the consummate puzzle for a specific time frame. I understand how liabilities can greatly affect the future of a company and that knowledgably deciphering the numbers. Richards had access to all the relevant information as well as experts to help guide his decision making. Another primordial lesson for me is the importance of judgment when dealing with changes in a company. It... If you motive to get a full essay, order it on our website: Orderessay

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