{"id":155941,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/the-majority-stockholder-of-a-small-corporation-tells-you-the-companys-cpa"},"modified":"2017-08-17T18:32:32","modified_gmt":"2017-08-17T18:32:32","slug":"the-majority-stockholder-of-a-small-corporation-tells-you-the-companys-cpa","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/the-majority-stockholder-of-a-small-corporation-tells-you-the-companys-cpa\/","title":{"rendered":"The majority stockholder of a small corporation tells you, the company\u2019s CPA\u2026"},"content":{"rendered":"<p>The majority stockholder of a small corporation tells you, the company\u2019s CPA, to \u201cforget about preparing that cash flow statement\u201d because he needs to take financial statements to the bank immediately. \u201cBesides,\u201d he says, \u201cwe have more cash in the bank now than we did last year at this time.\u201d As the controller for the company, you are required to comply with Generally Accepted Accounting Principles (GAAP). As an employee, you need to comply with the boss.<\/p>\n<p>In your role as company controller, discuss what you should do to comply with both masters. As part of your discussion, explain what is missing from the majority stockholder\u2019s understanding of how the statement of cash flows is used, for decision-making by both internal and external entities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The majority stockholder of a small corporation tells you, the company\u2019s CPA, to \u201cforget about preparing that cash flow statement\u201d because he needs to take financial statements to the bank immediately. \u201cBesides,\u201d he says, \u201cwe have more cash in the <a href=\"https:\/\/www.benedictsol.com\/blogs\/the-majority-stockholder-of-a-small-corporation-tells-you-the-companys-cpa\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-155941","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/155941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=155941"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/155941\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=155941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=155941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=155941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}