Primary Task Response: Within the Discussion Board
area, write 350-400 words that respond to the following
questions with your thoughts, ideas, and comments. This
will be the foundation for future discussions with your
classmates. Be substantive and clear, and use examples to
reinforce your ideas
Library Research Assignment
There are 4 primary financial statements used in financial
statement analysis. They are the balance sheet (or
statement of financial position), the income statement (or
the statement of operations), the statement of changes in
shareholders’ equity, and the statement of cash flows. For
this activity, you should choose at least 2 ofthese
statements and discuss the following:
0 What is the purpose of this financial statement?
0 What are its primary components, and what do they
represent?
0 Who are the primary users of this statement, and
how is it generally used?
0 What GAAP (Generally Accepted Accounting
Principles) are employed in its construction?
0 How does this financial statement relate to the
other financial statements?
Use the Library and other resources to research financial
statements. Be sure to document your statements with
credible sources, in-text citations, and references using
proper APA format.
