discussion for financial accounting mgmt 210

Hello,

This is a weekly discussion post for a financial accounting class. Here are the instructions:

Using the Annual Report of your selected company, answer the following questions in the Discussion:

What are adjusting entries and why are they necessary?
In your chosen company, which accounts might require adjusting entries?
Why is it unethical not to record adjusting entries when required? What difference does it make?
What is the purpose of an adjusted trial balance?

The company being used for this discussion is Phizer