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Overview of Financial Statements Paper

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Wk 1 – Overview of Financial Statements Paper [due Mon]

Assignment Content

  1. Resource:
    Overview of Financial Statements Grading Guide
    Purpose of Assignment The purpose of this assignment is for students to utilize critical thinking skills to understand the information contained within a company’s financial statements and how they articulate with each other.
    Assignment Steps
    Develop a 700-word evaluation on the Overview of Financial Statements using the following as guides:

    • Locate a financial statement (income, balance, statement of cash flow) for a company similar to one you wish to create.
    • Identify the salient information contained in the financial statements (income statement, balance sheet, statement of cash flow).
    • Identify the company’s net income (income statement), total assets (balance sheet), and total net cash flow (statement of cash flow).
    • Explain how financial statements (income, balance, statement of cash flow) are connected to each other.
    • Examine the importance and the relevance of financial statements for the entrepreneur.

    Cite a minimum of one peer reviewed reference from the University Library.
    Format the assignment consistent with APA guidelines.
    Submit your assignment.

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