Post a 200- to 300-word response to the following: You have been hired into a new company to oversee the accounting department. What type of financial reports would you expect to see in your department? How will you use the financial reports available to you to make business decisions?
Is this right and how can I increase the word count?
I would expect to see the balance sheet, income statement, retained earnings statement, and statement of stockholders equity. I would use these financial reports to see how the business is making and spending money. I would use these statements to decide what needs to be done in order to increase the company's profits. I would use these statements to find fraud and to figure out what I need to direct the employees to do and how I should motivate them so we could have control of the overall health of the business.