Interview Question

Staff Accountant II Interview

-Alexandria, VA

Kearney & Company

Name the 4 most important financial statements and their uses.

Answer

Interview Answer

1 Answer

21

Balance Sheet-data about available resources as well as the claims to those resources Income Statement-data about the profitability of the company detailing sources of revenue and the expenses which reduce profit Cash Flows- illustrates the inflow and outflow of cash within the business. It shows where the cash comes from into the company, and how it’s used Statement of Retains Earnings-focuses on changes in retained earnings

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