Overview of Financial Statements

Purpose of Assignment

The purpose of this assignment is for students to utilize critical thinking skills to understand the information contained within a company’s financial statements and how they articulate with each other.

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Assignment Steps

Develop a 700-word evaluation on the Overview of Financial Statements using the following as guides: 

  1. Locate a financial statement (income, balance, statement of cash flow) for a company similar to one you wish to create. 
  2. Identify the salient information contained in the financial statements (income statement, balance sheet, statement of cash flow).
  3. Identify the company’s net income (income statement), total assets (balance sheet), and total net cash flow (statement of cash flow).
  4. Explain how financial statements (income, balance, statement of cash flow) are connected to each other.
  5. Examine the importance and the relevance of financial statements for the entrepreneur. 

Cite a minimum of one peer reviewed reference from the University Library. 

Format the assignment consistent with APA guidelines. 

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