Module - Case Assignment: INTRODUCTION TO FINANCIAL ACCOUNTING
Assignment Overview
Review the three components in the background material to answer three questions about accounting and its purpose:
• What is accounting?
• What is the importance of accounting?
• What are corporate financial statements?
Case Assignment
Required
Create a table with four columns as shown below and complete the last three columns using the expectations listed in Assignment Expectations.
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Question
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Complete the Statement
(3-5 sentences)
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Corporate Perspective
(3-5 sentences)
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Investor Perspective
(3-5 sentences)
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Accounting refers to:
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Accounting is important because:
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Corporate Financial statements are:
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Submit a completed table as shown above. Do not copy definitions, but explain in your own words and with examples, if appropriate. Write 3-5 sentences in each cell.
Show sources when appropriate and APA format is suggested, but not required.
The objective for this assignment is to understand the accounting process and financial statements.