Problem
Prompt:
You are the staff accountant working at a local tutoring center. The monthly financial statements (Income Statement, Statement of Retained Earnings, and Balance Sheet) were just finalized and released to the employees of the tutoring center. You hear some of the other employees talking about THESE financial statements.
Reflect on how you think you and your peers at the tutoring center may be able to apply this knowledge/understanding of accounting in your career, in your personal life, and in any aspect of your life.