Aspects to Consider While Writing About Corporate Financial Statements Homework Answers

thumbs up

Ease your homework burden with top-notch Online Homework Help. Say goodbye to deadlines stress and let our expert tutors handle your assignments effortlessly.

Focus on what truly matters while we handle the rest.

Rate this post

The World is emerging with corporations and businesses. The companies are being transparent about their financing to attract the investors and new stakeholders. As marketing via the only word of mouth is not enough in today’s era of logic, people require proof to trust any industry. Financial report about the corporate is the way to present the financial operation within the company. Here we will cover all the necessary aspects of financial statement with corporate financial statements homework answers.

First of all, it is important to understand what the corporate financial statement is?

It is a record which provides the information about the financial condition of the business in the form of a formal report. These statements include both short and long-term financial situation about the company. In a nutshell, corporate financial statements represent how financially sound the firm is.

Which reports can be considered in the corporate financial statement?

Bellow, there are four aspects stated which are included in a corporate financial report.

  1. A statement of financial position
  2. A statement of comprehensive income
  3. A statement of retained earning
  4. A statement cash flows

Corporate financial statements homework answers will cover about what the each aspect is.

  1. A statement of financial position

It is commonly known as a balance sheet of the firm. It represents the data about the equity. Besides, it gives the information about assets and liabilities.

  1. A statement of comprehensive income

It is also referred as income statement or profit loss statement. More often it is labelled as revenue and expense report.

  1. A statement of retained earning

It is equity statement which shows the ownership of stakeholders within the company.

  1. A statement of cash flow

All the activities of the enterprise related to money come in this report. The operation, investment and financial activity of money are declared in this.

Corporate financial statements homework answers has explained the basis of corporate financial reports. Now let’s understand what should be considered while writing the financial reports of any firm.

  • Corporate financial statements are the dominant way to convey a message of the significant financial health of the business in the industry. Investors look for detailed information in those reports in a way that it can give insights of the firm. So, financial reports should be generated with transparency.
  • The important aspect of financial reporting is, it helps to predict the future. Let’s understand it with the real life example.

For example, there is a company, ABC. Financial experts have prepared the graphs of the company success based on how much selling they have made in past five years.

The business of company ABC does well for sometimes, and there is a decrease in sell other time. Company ABC looks into its five years of business financial reports; all the cash in’s  and cash out’s of cash flow. After careful assessment of those reports, they made a decision that raw material purchased in summer had the most price.

Now, they make the decision to keep their stock full before summer and spend less money on raw materials. So, the future aspect of business depends upon how the all four characters are written in present time.

  • The creditors and stakeholders are mainly people of the company. As the value of a company depends on how the company is doing with the money, the company should always take care of how the finances are coming and where they are going. Corporate financial statements homework answers explains that the competitive strength and economic power always depends on such scenarios.

But, even if the company does well and does not consider the economic aspect of it, fails in the market.

  • Moreover, financial experts of the company make some models and take necessary decisions based on the financial reports of corporate.

For example, Company ABC makes machines which are huge in size and complicated to create. Based on how much maintenance and cost of operational activities reported in the cash flow statement, they are deciding the next one year purchase of materials. So, the decision making an aspect of the company also depends upon the reports which are generated every day.

  • Revenue generation the important part of the firm, should also be considered an important aspect of the corporate financial reports, suggests corporate financial statements homework answers. Every company has specified accounting time periods in which the revenue should be reported in the financial reports.
  • Moreover, it may be tedious to note down every number people come across with the management of cash. But, it is vital to report the cash flow for the legal aspect of the firm.

For example, company XYZ is doing an export of their products in several countries. Now the government of the enterprise XYZ does not allow the exportation of the product above an absolute bar. The company must not exceed that limit. To stay legalised in the business company must have records of operation activity and financial reports of it.

Understanding the financial report is an essential skill. Not everyone can interpret the information which is written in the form of data. So, interpreting numbers of financial reports are like connecting the dots of the present financial condition of company and prediction of future.

Corporate financial statements homework answers covers the most important aspects of corporate financial reports. Hope it is helpful to understand the topic overall so that it can be used in most practical way for the betterment of the company.

You May Also Like

How We Help With Homework

Our Workflow

trustpilot ratings


trustpilot ratings


trustpilot ratings


Step 1

Submit your homework

  • Describe your task requirements, and set the deadline using our online form.

Step 2

Connect to qualified tutors

  • Receive instant quotes from experts. Pay using secure payment gateways.

Step 3

Get accurate solutions

  • Receive plagiarism-free solutions in your mentioned deadline. Unlimited free revisions included.

  • NHonest Pricing
  • NBetter Grades
  • NMoney-back Guarantee

High Student Satisfaction

70% Repeat Customers

help with homework

Frequently Asked Questions (FAQs)

Our Answers to Your Questions


How do I submit my assignment?

Getting assignment help is very simple with us. Students can either send us the homework via email or they can upload it to our online form here. For a quicker response, You can also chat with us at WhatsApp and submit homework directly. You are sure to get a response from our side within 10 minutes. You can pay for your order using secure PayPal or major credit card gateways.


Who will do my homework?

All our tutor experts are highly qualified professionals – holding at least Master’s degree in their fields. Currently, our tutor pool is made of 400 subject-specific experts.

Each expert has been individually chosen after a series of rigorous screen tests, which involves credential checks, work history analysis, writing sample assessment, and one-on-one interviews.


How much will my homework cost?

Each assignment is quoted a unique price. It is based on (i) complexity of task, (ii) your deadline and (iii) tutor’s estimate of the time it will take them to complete your homework. There are no obligations, and you are free to discuss the price quote with the tutor.

We also accept partial payment to start working on your assignment help. You can pay the remaining amount when your task gets completed. No pressure of up-front payment. No hidden order costs. We do not have a monthly fees or minimum payments for services.


Can I pay someone to help me with my homework?

Yes, you can pay online tutors for homework help. There is nothing wrong with asking for help from trained and professional subject tutors to clarify doubts regarding any assignment or coursework.


What mode of payment is acceptable?

There are several ways to pay for homework help:

  • Credit/Debit Card: You can use your credit or debit card to make a payment online. We accept VISA/MASTERCARD/AMEX.
  • PayPal is a secure online payment service that allows you to pay for essay writing services using your account balance or linked bank account.


Can I chat with my tutor?

Using our secure chat board, you can now chat directly with your assigned tutor. The chats are encrypted both ways to secure your privacy. This makes your contact with the tutor directly & confidentially, so you can better explain any requirements or changes if needed or just need updates.

You can't contact the experts outside of chat board platform. Sharing any personal information, including but not limited to contact information, goes against our Terms and Conditions and therefore may result in permanently blocking you from the platform. We take any personal data very seriously and we do it for the safety of our users.

Know more about chat board here.


Can I get free online homework help?

Our homework services are not free because we provide customized, high-quality homework solutions. We have a prepaid system that ensures professional homework helpers are paid fairly for their work and time. We believe that the value of their expertise and the effort they put into crafting each assignment justifies the cost of our service.

Is My Homework Help Legit?

My Homework help is absolutely legit! We are the leading providers of college homework services since 2012. We connect you with experienced tutors for your assignment and make sure you get completed answers before deadline. Our guarantee is high-quality assignment solutions or your money-back. It’s that risk-free! Furthermore, everything about you is kept confidential.


Can I trust you for homework help?

My Homework Help is absolutely reliable. Students of the world's top universities use our services and 50% of our customers are repeat customers. Our ordering process is very simple & transparent. There are no hidden fees or subscription anything like that. You can also request a refund if you think that our expert wasn’t able to meet your requirements. Your prime satisfaction is our end goal!

Know more - How it works


What about privacy & confidentiality?

Using My Homework Help is absolutely safe. We care about your security, therefore we encrypt all personal data to make every user feel safe while using our services and we don’t share any personal information with any third parties without your permission. Your credit card information is not stored anywhere at My Homework Help, and use of PayPal relies on their secure payment networks. Your identity, payment and homework are in safe hands. You can always be certain of getting professional help and remaining anonymous, while using My Homework Help.