As a New Employee in the Accounting Department of the Education

question 20

Essay

As a new employee in the accounting department of The Education Company, you noticed that the company's financial software generates common-size financial statements.However, your supervisor stated that the common-size statements are not of importance.The statements are in fact trashed and never reviewed by upper management.Write a memo to your supervisor describing common-size financial statements (balance sheet and income statement) and explain how these statements might be utilized.

---

Definitions:

Perception

Peoples' mental image or concept of elements in their environment, including information gained through the senses.

Expressive Aphasia

A condition characterized by the loss of the ability to produce language (spoken or written), typically caused by damage to the brain's language areas.

Receptive Aphasia

A language disorder resulting from damage to the brain's language comprehension area, causing difficulty understanding spoken or written language.

Global Aphasia

A severe form of aphasia where individuals lose the ability to understand language, speak, read, or write due to extensive damage to the language areas of the brain.