Organization Behavior

Welcome students to your Unit 2 Homework Assistance video. In the class, you be assigned the A set of problems. In this video, we impart be reviewing the B set of problems as an ensample of how to appeal your homework. Remember, the B problem solutions are posted for you in the doctor share-out area of the class room as an example of how to glide slope your assigned A problems. In Problem 1-3A, you are asked to take monetary statements. The fiscal statements should be created in a original guild. First is the Income assertion, second is the tale of Owners Equity, three is the Balance Sheet and last is the contention of change Flows. The fellowship is very important because the statements are all interrelated and commit on the proceeding statement to be completed. The Income line presents the amicable clubs revenues and expenses, basically your profit of loss in the company. The Statement of Owners Equity presents the owners rights in the company and any changes that may have occurred for the financial statement period. The Balance Sheet presents the assets (resources owned by the company), liabilities (the rights of creditors to the companys assets) and owners equity (the rights of the owners in the company).

The Statement of property Flows presents what has happened to the cash only for the financial statement period. The source thing to note when completing the financial statements is the dates of each financial statement. These are specific for each financial statement, so be sure to review the example so you can pop off these correct. The Income Statement, Statement of Owners Equity and Statement of cash Flows all have a date for a particularize period of ! time. The Balance Sheet has a date for a particular day. Lets wait on over the Income Statement example first. As you can see, the first power point listed is the revenues. If you look back at the instructions, you will note they yield you with a table of the various transactions for the month as intimately of the...If you want to get a full essay, order it on our website: OrderEssay.net

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