M10. Discussion 10.1: Elements of Financial Statements

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Elements of Financial Statements

Objectives

  • Identify the components of a balance sheet
  • Identify the components of an income statement
  • Identify the components of a cash flow statement

Discussion Overview

This discussion forum examines the different components of financial statements.

Deliverables

Your participation in the discussion forum, including the following:

  • Responses to the initial questions
  • Responses to at least two other students' posts

  


Step 1 Post a response to the following on the discussion board.

Post your response to the following on the discussion board. If appropriate, include personal experience in your response.

  • Financial statements provide important information for a business decision maker. Identify and post three separate pieces of information found in financial statements and briefly explain how each element might help someone make a business decision. Give a very specific example of a business situation.
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    kim woods
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