ACC 205 Week 1 Discussion 2 Four Main Financial Statements - 2019

Four Main Financial Statements [WLOs: 1, 2, 3, 4] [CLO: 1]. 1st Post Due by Day 3. Prior to beginning work on this discussion, read Chapters 1 and 2 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section this week may provide more in-depth information for this discussion (optional).
Write: Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate. 

• What information is contained in the four financial statements? 
• What order are the financial statements prepared?
  Why do the four financial statements have to be prepared in this order? 

Guided Response: Respond to at least two of your classmates by commenting on their posts. Do you agree with your peer’s explanations? Why or why not? Though two replies are the basic expectation for class discussions, for deeper engagement and learning you are encouraged to provide responses to any comments or questions others have given to you. Continuing to engage with peers and the instructor will further the conversation and provide you with opportunities to demonstrate your content expertise, critical thinking, and real-world experiences with the discussion topics.