Ethical behavior is just as important as competence in the accounting and financial field.

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                                                                                                           Ethics Article                      

        

Ethics Article

Keneisha Dunlap

University of Phoenix

FIN-324

GA04BSMO9

Emmanuel Ogunji

October 5, 2005

Financial Translations Four Corners article assist stakeholders with the understanding finance and financial statements, the four corners represent the four basics of financial statements. The first corner is the balance sheet, which is a statement of equity that includes assets, stockholders, and liabilities. The balance sheet must give an account of the total assets and total liabilities. The balance sheet is usually done quarterly or per fiscal year. The second corner is income statement. The income statement is reviews a company’s revenues and expenses, they also project sales, expense, profit or loss. The income statement just as the balance sheet is done quarterly or yearly.

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        The third corner is the statement of retained earnings. This statement gives the company two opportunities to either distribute the dividends that have been saved rather been paid out and distribute them amongst shareholders or retain the dividends within the company to finance more assets. The fourth corner is the statement of cash flows it assists the company with keeping track of where the revenue comes from, and the expenditures. The casement also includes information on operating, investing, and financing. The statement also gives information on generated revenue from the operations of the company instead of borrowing or selling itself. ...

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