SENIOR ACCOUNTANT ANALYSIS 2
Senior Accountant Analysis
Accounting plays a crucial role in determining the growth and success of a business.
Accountants, therefore, have the obligation of ensuring that their numbers work right in
understanding the financial health of an organization. This article, therefore, focuses on the
decisions of senior accountants on training the junior accountants on the best accounting cycle as
well as financial statements for a particular company, the SunsTruck.
On identifying the best financial option for the company to pursue given the constraints
of Shaun, I think SunsTruck should pick Debt. The reason is that the company lacks enough cash
even to obtain the truck forthright by themselves. To be able to start the business, they had to
take a loan to get the truck itself. From my point of view, choosing Equity would mean giving up
part of the company to somebody else. Besides, Shaun's biggest worry was providing himself.
Therefore, getting a loan with a small interest rate would be the best for the company.
By reading the email sent by the junior accountant, seemingly they are asking for
something indicating the income. I would thus send them a balance sheet which will show both
the assets and the liabilities of the business. Also, by getting this, they will be able to see the
loans that presently are open plus their due (Bragg, 2015). Provision of this information would,
therefore, help the junior accountant on the direction to take next in the accounting cycle.
My decision on the correct financial statement for my junior accountant should give the
investor detailed information on the debt of the company and its location. So, I would pick all the
three options since each hold up a role in the business. For example, the income statement will
indicate the amount of income getting received in the organization. The balance sheet, on the
other hand, will show the loans plus balances while the statement of the cash flow will provide
