XACC 290 - Week 1 Assignment

Write a 350- to 700-word summary in which you do the following:

• Identify the four basic financial statements.
• Describe the purpose of each of the four financial statements.
• Discuss how the financial statements would be useful to internal users such as managers and employees.
• Discuss how the financial statements would be useful to external users such as investors and creditors.

Format the summary consistent with APA guidelines.