ACC/400 Week 5: E-text Learning Team Assignments

Name: ACC/400 Week 5: E-text Learning Team Assignments
Brand: Stony Brook University
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Author: Sofia Rivera

Learning team assignments for week 5 of an accounting course.

Sofia Rivera

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Running head: E-TEXT TEAM ASSIGNMENTS 1
Week 5: E-text Learning Team Assignments
ACC/400

E-TEXT TEAM ASSIGNMENTS 2
Week 5: E-text Learning Team Assignments
Financial Accounting: Tools for Business Decision Making, 4th edition
Chapter 13: Communication Activity: BYP 13-7
Write a memo to R.J. Falk that explains the basis for comparison and the factors
affecting quality of earnings.
Memo
To: R.J. Falk CEO
From: Team B
Date: May 24, 2010
Re: Financial Statement Analysis
The purpose of this memo is to explain (a) the bases for comparison in analyzing Ventura
financial statements and (b) the limitations, if any, in financial statement analysis. The financial
statement holds pertinent information about the company, such as the financial status of the
company and changes, if any, which should be made. These statements are important to investors
and stockholders and therefore compliance of accounting rules is not only ethical but also
important for the future of the business.
The company’s prepared financial statement is a comprehensive overview of the business’
journal entries; it includes the information from the cash flow statement, income statement, and
balance sheet. Each month entries are made of financial activity; the journal entries are collected
to prepare the balance sheet. The balance sheet is an important document, which aids in the
company financial accounting. The balance sheet contains all the company’s assets and

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University

Stony Brook University

Subject

Accounting

ACC/400 Week 5: E-text Learning Team Assignments

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