STATEMENT-2

Assignment 3: Discussion—Financial Management Terminologies

In this assignment, you will explore the financial management terms that will be used throughout the course and will help with personal and professional decision making.

Tasks:

• Please explain in which order the four major financial statements need to be prepared, and why.
• Please explain the three major categories of the statement of cash flows and under which category the following item belongs. Also explain whether or not the item would be considered a source or use of cash for the period in question:

Inventory-increased for period
Net income-increased for period
Accounts receivables increase for period
Accounts payable decrease for period
Accruals decrease for period
Depreciation-increases for period
Stock issued
Property purchased
Bonds paid off
Inventories increase for period
Cash decreases
Notes payable increase for period
Bonds redeemed for period

Your initial post should be no more than 500 to 750 words. Apply APA standards to citation of sources.

Submission Details:

• By Saturday, November 7, 2015, post your responses to this Discussion Area. Support your assumptions by citing reputable source material used for this discussion in APA format.
• Through Wednesday, November 11, 2015, respond to at least two of your classmates' posts who chose terms different from yours. While responding, share any real-world experiences involving the different terms and explain what these concepts mean to you as far as their role in decision making is concerned. Provide substantive comments by contributing new, relevant information or quotes from course readings, Web sites, or other sources; building on the remarks or questions of others; or sharing practical examples of key concepts from your experiences—professional or personal.

Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation

Do the following when responding to your peers:

• Read your peers’ answers.
• Provide substantive comments by
• contributing new, relevant information from course readings, Web sites, or other sources;
• building on the remarks or questions of others; or
• sharing practical examples of key concepts from your professional or personal experiences
• Respond to feedback on your posting and provide feedback to other students on their ideas.
• Make sure your writing
• is clear, concise, and organized;
• demonstrates ethical scholarship in accurate representation and attribution of sources; and
• displays accurate spelling, grammar, and punctuation.

Grading Criteria