Discussion: Elements of Financial Statements
Objectives
• Identify the components of a balance sheet
• Identify the components of an income statement
• Identify the components of a cash flow statement
Discussion Overview
This discussion forum examines the different components of financial statements.
Deliverables
Your participation in the discussion forum, including the following:
• Responses to the initial questions
• Responses to at least two other students' posts
Step 1 Post a response to the following on the discussion board.
Post your response to the following on the discussion board. If appropriate, include personal experience in your response.
• Financial statements provide important information for a business decision maker. Identify and post three separate pieces of information found in financial statements and briefly explain how each element might help someone make a business decision. Give a very specific example of a business situation.