AHS 7645 week 2 video reviews
Watch the five videos, each describing different aspects of financial statements. Write a 3-5 page APA formatted paper that includes a one-paragraph summary of each video, and a statement about how you feel the information from each video will be helpful in managing a human service program or agency.
Reference all video and in-text citation should have time as well.
Answer previewOne of the financial statements includes a balance sheet that explains the financial situation of an organization at a specified time. The right side of the balance sheet represents the business assets, while the right comprises of liabilities. However, the assets will always equal the liabilities and owner’s equity. Assets include cash at hand and accounts receivable when someone buys goods on credit. Liabilities comprises of the individuals or entities that the business owes money to while the owner’s equity is a business part belonging to the owner. If the owner reinvests earning into the company they are known as retained earnings and bad debt can be deducted from earnings. A long term loan that involves interest is referred to as a note payable912 words
