Discuss primary financial statements published by a corporation, the various classifications used in a balance sheet, the relationships among different financial statements, and how the numbers from the different financial statements are analyzed together to evaluate the financial position and performance of a company.
In order to keep our discussion organized, we will go according to the following plan:
1. Balance Sheet [We will begin with this statement]
2. Income Statement [We will begin this discussion on Wednesday morning]
3. Statement of Retained Earnings [We will begin this discussion on Thursday night]
4. Statement of Cash Flows [We will begin this discussion on Friday night]
5. Earnings Per Share, Current Ratio, and Debt to Total Assets [We will begin this discussion on Saturday night]
What is the purpose of a Balance Sheet? What information does it provide?