VIDEO: Financial Statements: A Combination of Art and ScienceBy William M. Stocker III | June 28, 2013
Financial statements are supposed to depict the reality of a business' health in a way that allows a company to be compared to its competitors. However, any portrayal of a business on a few sheets of paper is inherently distorted -- like depicting a multi-dimensional reality on a two-dimensional financial statement. William M. Stocker III outlines the issues that you, the stakeholder, or you, the preparer, need to be aware of and the important things to keep in mind about financial statements.
About William M. Stocker III
William M. Stocker III, CPA, is the Senior Consultant at Marks Paneth LLP. In this capacity he provides internal consulting services on audit, accounting and financial reporting issues. In his client service role, he functions as engagement quality control review partner on key audit and review engagements as well as serves on corporate financial advisory services engagements in the areas of financial reporting, valuation and SEC matters. Mr. Stocker began his career with a series... READ MORE +