Accounting Course Assignment ACCT205 Essay Example | Topics and Well Written Essays - 1250 words

Accounting Course Assignment ACCT205 - Essay Example Users of financial information can look at a balance sheet at the end of each accounting period and know if the business has more or less value if the debts are higher or lower, and if the working capital is higher or lower. This can be easy if the balance sheet is properly prepared. By analyzing the balance sheet, users such as investors, creditors, taxation departments and shareholders can assess the ability of the organization to meet short-term obligations and solvency, as well as the ability of the organization to pay all current and long-term debts as they fall due. L. Jensen, (1997) indicates that the balance sheet also shows the relative proportions of debt and equity financing, the composition of assets and liabilities, and the amount of earnings that the company has had to retain as retained earnings. This information will be used by external parties such as investors, the government, creditors, debtors and others to help assess the company’s financial status in a specific financial year, which is required by both lending institutions and investors before they will allot any money toward business whether for lending or for investing.   A corporation is a business entity that is wholly owned by its  shareholders.  It often raises  equity capital  by selling shares of stock to investors. Equity is the main source of funds of a corporation. Equity capital is an ownership interest in the corporation and each share of stock represents a fractional interest in the issuing firm. Shareholders in a corporation make vital decisions such as electing directors, investment decisions and other major decisions. The management acts as stewards of the shareholders’ funds. It is of importance to note that equity capital is not a liability to be repaid at a future date but is usually added to the liabilities in the balance sheet. Business accounting guides.com

Interview Report Assignment Example | Topics and Well Written Essays - 250 words

Interview Report - Assignment Example To me, I view him as a perfect example and a living demonstration that age is just but a number (Neugarten, 2006). His case is interesting because the society perceives the old as people with no energy, should not work and probably should rest in care homes. However, he disapproves the stereotypes. Besides, Antony’s capacity at work is usually a preserve of the young and energetic people who can serve client’s demands with precision. Interestingly, he narrates to me that he is people’s favorite at the bar. He points out that most of his customers are young people, but he manages to mix his services with life advice. An attribute that makes him stands out from other workers. Antony points out that he felt the odd one out when he started the work. However, the kind nature of Americans and the equal opportunity that the American society provides to all the citizens and the foreigners motivated him. I find Antony to be an excellent person. His passion, vigor, and desire to achieve even in severe environments are attributes I value most in my life. Therefore, my interaction to change my perception about work. It also enabled learn the importance of knowing different peoples culture as a mechanism for promoting world