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Candela Corporation

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Submitted By blaise39
Words 940
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Candela Corporation
February 2, 2014
Dr. Sergio Perez

Candela Corporation “Candela Corporation is a pioneer in the development and commercialization of advanced aesthetic laser systems that allow physicians and personal care practitioners to treat a wide variety of cosmetic and medical conditions” (Fraser & Ormiston, 2007, p. 146). Candela has been in business for more than 34 years. In the beginning, they were developing and enhancing laser technology applications. In the mid-1980s, they began focusing more on developing laser technology for medical applications. Since the early 1990s they have focused on laser technology for the aesthetic and cosmetic industry (Fraser & Ormiston, 2007, p. 146). Every corporation is required to prepare four financial statements every year; the balance sheet, the income statement, the statement of stockholders’ equity, and the statement of cash flows. Each financial statement contains certain information regarding the financial position of the corporation. The balance sheet lists the assets, liabilities, and stockholders’ equity on a specific date. It shows the financial condition of the corporation by showing what the corporation owns and what it owes to outside creditors and its stockholders. The income statement provides the revenues, expenses, and net income for an accounting period, showing the operating performance of the corporation for that period. The statement of stockholders’ equity lists the transactions of the equity accounts for an accounting period. It covers common stock, paid-in capital, and retained earnings. Finally, there is the statement of cash flows. This statement is the only one of the financial statements that provides information on how the corporation generates its cash during an accounting period. Candela Corporation has provided their statement of cash flows for...

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