WALL STREET PREP ACCOUNTING CRASH COURSE INTRODUCTION& THE INCOME STATEMENT EXAM WITH QUESTIONS AND WELL VERIFIED ANSWERS [GRADED A+} ACTUAL 100%

WALL STREET PREP ACCOUNTING CRASH COURSE INTRODUCTION& THE INCOME STATEMENT EXAM WITH QUESTIONS AND WELL VERIFIED ANSWERS [GRADED A+} ACTUAL 100% What is accounting? • Accounting is the language of business. It is a standard set of rules for measuring a firm's financial performance. Assessing a company's financial performance is important for many groups, including: • The firm's officers (managers and employees) • Investors (current and potential shareholders) • Lenders (banks) • General public • Standard financial statements serve as a "yardstick" of communicating financial performance to the general public. • For example, monthly sales released by McDonald's Corp. provide both its managers and the general public with an opportunity to assess the