The Learning Journal is a space where you should reflect on what was learned during the...

The Learning Journal is a space where you should reflect on what was learned during the week and how it applies to your daily life and will help you with your life (career) goals.

For this week’s reflection, explain how financial statements (Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows) are helpful to the business owner, employees, and investors using a company in your local area. Be sure to begin by stating the name of the company you chose.

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Expert Solution

For answering this question I will rake example of Infosys (infy)

For every company their financial statements are the foremost important part, when it comes to business, stakeholder interest and employee’s interest. I will take each financial statement given above and example how they are important in every aspect of business

Income statement

Income statement is one of the most important financial statement for the company as it gives overview about the performance of the business and idea to the management and stakeholder about the direction of the company a good income gives various opportunities for business to expand and stakeholder the idea about their capital gain/loss and company about their profit and loss

Statement of owner's equity

This is important for the promoter holder of the company as this give an overview about how much is the ownership of the person in the company this can help analyse that what are the plans and what can be near outcome of the company if owner decided to delist the company

Balance sheet

Balance sheet give idea about the assets and liabilities of the company if the company has more assets than it is believed that company is having long term goals and can help capital gains also balance sheet help employees to get insight of their future and know if company can fulfil their financial obligations or not

Statement of Cash Flows

This is other important financial statement of company which help stakeholders know the sources from wherein the cash is coming in or going out this can help investors to decide that where company has invested there money and what are debts of the company which can help them know whether to invest or not

jeff jeffy answered 1 year ago

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