2007-07-29 22:15:24 · 2 answers · asked by name a 1 in Business & Finance ➔ Other - Business & Finance
Worksheets like your Excel spreadsheets are meant for you to calculate stuff which you then feed into your financial system, for e.g. you may need a spreadsheet to calculate the monthly depreciation for numerous fixed assets, in order to arrive at the depreciation figure to journalise into your general ledger. Only when you have the GL written up can you extract a trial balance from which you prepare your financial statements. So as you can see, worksheets do not form part of your financial statements for reporting purposes and you shouldn't bog down your boss by giving him all your detailed worksheets.
2007-07-30 00:58:28 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋
I can't do all of your homework. You know what is used for financial reporting purposes. Accepted financial statements, which are the income statement, balance sheet, retained earnings statement and the statment of changes in financial position.
2007-07-30 06:04:05 · answer #2 · answered by zanthus 5 · 0⤊ 0⤋