Write a 350- to 700-word summary in which you do the following:
- Identify the four basic financial statements.
- Describe the purpose of each of the four financial statements.
- Discuss how the financial statements would be useful to internal users such as managers and employees.
- Discuss how the financial statements would be useful to external users such as investors and creditors.
Write a 350-word paper about one misunderstanding you have experienced. Please use a business- or work-related example rather than a personal example. The following must also be included:
- Identify the receiver and sender of the message, the communication channel used to deliver the message, what caused the misunderstanding, and how you could have avoided it.
- State what you learned from this misunderstanding and how you could improve in future communications.