COURSE

BUS 1102 – Basic Accounting

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.

Be sure that your Learning Journal entry is a minimum of 500 words. Make sure you cite and reference your sources of information in the APA format.

SOLUTION  

First, I want to define financial statements to discuss the firm in my region. A financial statement is the product of accountants’ labor. The purpose of financial statements is to provide information about a company’s financial health and performance over a certain time. One may compare it to a mirror that displays an organization’s financial well-being. Emirates Airlines, a division of the Emirates Group, is the business I will be talking about in my neighborhood. A periodic financial report is released by Emirates, an airline based in the United Arab Emirates, by generally accepted accounting principles. Despite my lack of interest in them up to this point, the firm is rapidly increasing with net profit margin in past years, except in 2020, due to the effect of covid-19. …..please click the icon below to purchase the solution at $10