Discussion 1 - Week 1 - Financial Mgmt - Due by 10pm CST TODAY

Week 1 Discussion: Financial Statements

Post by Day 3, a 150- to 200-word explanation of balance sheets and income statements in terms of functionality, accuracy, and importance.

Also, explain how these statements are used differently by investors, lenders, and corporate managers when making decisions.

In your post, mention if you have had any experience with working with a balance sheet or an income statement to make financial decisions in your personal life or in your organization. If so, please describe the experience.

If you have not had any experience with working with a balance sheet or an income statement, please explain how you can use your knowledge about these financial statements to make prudent financial decisions in your personal life.

Note: Be sure not to disclose the name of any specific organization.

Below are three UNRELATED EXAMPLES of how to cite within a paragraph in APA format. You need to cite resources in your discussion post to support and justify your thinking:

Haag and Cummings (2003) base their information on their experience and concepts of IT at the time, and...

The authors base their information on their experience and concepts of IT at the time, and... (Haag & Cummings, 2003).

The authors base their information on their experience and concepts of IT at the time. They stated that “…IT is the most important aspect that needs attention by upper management” (Haag & Cummings, 2003, p. 89).

Now, draft your response of at least 150–200 words below:

After you have finished addressing all elements of the Discussion prompt, do not forget to include your references in APA format. You will need to write the references to any resources that you cite in your Discussion Response. Below are examples of references, including your course texts. When complete, please copy and paste your response in the appropriate thread in the Discussion Forum.

References

Ross, S. A., Westerfield, R. W., & Jordan, B. D. (2012). Essentials of corporate finance. New York, NY: McGraw-Hill/Irwin.

Below are UNRELATED REFERENCES from a journal, a newspaper, and Web site. These references are only intended to illustrate correct APA formatting:

Ismail, A., Mohamad, M. H., Mohamed, H. A.–B., Rafiuddin, N. M., & Zhen, K. W. P. (2010). Transformational and transactional leadership styles as a predictor of individual outcomes. Theoretical and Applied Economics, 17(6), 89–104.

Porter, E. (2014, May 13). The politics of income inequality. The New York Times. Retrieved from http://www.nytimes.com/2014/05/14/business/economy/the-politics-of-income-inequality.html?module=Search&mabReward=relbias%3Ar%2C%7B%222%22%3A%22RI%3A18%22%7D

Walmart. (n.d.) Our business. Retrieved from: http://corporate.walmart.com/our-story/our-business/