you have been hired into a new company to oversee the accounting department. What type of financial reposts would you expect to see in your department? How will you use the financial reports available to you to make business decisions?

Question

you have been hired into a new company to oversee the accounting department.  What type of financial reposts would you expect to see in your department?  How will you use the financial reports available to you to make business decisions?

Ms. Sue · Answer

Your instructor assigned this question to get YOU to think about what YOU have learned in this class. We'll be glad to comment on your answers if you post them here.

KS · Answer

I believe that if a person does not have the answer to the question, he or she should not reply. That is a waste of others time and it is also childish.

HALA · Answer

Use the following adjusted trial balance of Webb Trucking Company to prepare the (1) income statement
and (2) statement of retained earnings, for the year ended December 31, 2011. The retained earnings ac-
count balance is $151,000 at December 31, 2010.