Just before you came on board, several new, junior accountants had been hired to start in the financial accounting area, as well as a senior financial accounting analyst. To get the junior accountants off on the right foot, you planned to have a breakfast meeting with them to discuss a number of financial accounting basics.
- Describe the 4 financial statements they will be preparing at the end of each period and what each one tells the managers and other stakeholders.
- Explain at least 1 weakness inherent in using each of the following 3 statements to assess the company’s health:
- income statement
- balance sheet
- cash flow statement
The following grading criteria will apply to this assignment:
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Grading Criteria |
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40% |
Describe the 4 financial statements they will be preparing at the end of each period and what each one tells the managers and other stakeholders. |
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40% |
Explain at least 1 weaknesses inherent in using each of the following 3 statements to assess the company’s health:
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20% |
Post a response to the Discussion Board and comment on other postings |
For assistance with your assignment, please use your text, Web resources, and all course materials.
Unit Materials
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