Streeter & Sons Is a Regional Service Company That Has

question 30

Short Answer

Streeter & Sons is a regional service company that has been in business for a few years, but has not employed a controller or anyone else full-time to keep track of its financial state. The company needs to take a good look at its financial state to determine whether it needs to make any changes in its practices, in order to prevent possible financial meltdown.
Which of the following, if true, would weaken the case that more than one type of financial statement should be examined in order to determine a company's financial health?
Nowadays, many companies burnish their balance sheet by claiming inflated figures for goodwill.
An income statement from one year may be radically different from the one for the previous year.
It can be difficult for auditors to independently verify certain figures in income statements.
The management by data trend has led companies to consider detailed and accurate financial statements imperative.
In times of recession, companies often reduce their accounting and financial management staffs.

Understand the role of social networks in connecting individuals and facilitating company workforce integration.

Identify the major social networks used for career networking and their primary purposes.

Understand the differences between writing for social media versus traditional media.

Recognize the impact social media has had on company communications strategies.

---

Definitions:

Pay Increases

Adjustments made to employees' salaries to reward performance, match inflation, or position the company competitively in the job market.

360-Degree Appraisals

A feedback method in which an employee's performance is evaluated by a variety of people including supervisors, peers, and direct reports, often including a self-assessment.

Self-Evaluations

The process by which individuals assess and reflect upon their own performance, abilities, and qualities.

Development Needs

Refers to the requirements for improvement and growth in personnel, skills, and abilities in a professional context.