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Business Structure and Financial Statements (Example)

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Business Structure and Financial Statements Name Professor Institution Course Date   Business structure and financial statements A business structure is a group of organizations which is legally acceptable in a certain dominion and is distinguished by the legal meaning of that very group while financial statement is a legal record of the financial activities and state of a business or a person or of any other entity. The financial statements are objected to offering data concerning the financial positions which include its changes and the performance of the business and in turn this data is utilized in the making of economic decisions. The financial statements have to be well understood by individuals who are taking part in the business economic activities. Different individuals in the business globe require financial statements for various purposes. On the other hand it is important to note that the type of a legal business and the statement date and its financial position is viewed by some assets liabilities and owners capital. The statement of performances outlines the results of the incomes activities for a specified period. The statement of changes in the equity of the owner connects the balance sheet and the statement of income as it states all the changes occurred. The statement of cash flows is the fourth statement reporting the source of the cash and its expenditure in a given period (Abor 2017). References Abor J. Y. (2017). New Venture Development and Sources of Financing. In Entrepreneurial Finance for MSMEs (pp. 21-50). Springer International Publishing. Hertz G. T. Beasley F. & White R. J. (2015). Selecting a Legal Structure: Revisiting the strategic issues and views of small and micro business owners. Journal of Small Business Strategy 20(1) 81-102. Wright C. (2016). How to: Choose the Right Structure for Your Business. [...]

Order Description:

The purpose of this assignment is to help students gain a better understanding of the importance of the appropriate legal business categories and financial statements as a key management tool for making decisions. Assignment Steps Develop a 1,050-word evaluation describing business structure and financial statements, including the following: Identify and describe the legal categories of a business organization contrasting tax-related advantages and disadvantages. Next, using your entrepreneur skills, consider starting your own business. What business structure would you choose and why? Discuss financial statements for the chosen business structure, then explain with specific examples from the University Library, how these would help you make decisions about your business. Cite a minimum of two peer-reviewed references. Format your paper consistent with APA guidelines.

Subject Area: Finance

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $25

Words 825

Pages 3

Completed in 4 days

Expert Amalia

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Great job!!! I recommend this writer for any task needed.

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06.12.2017

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