Explain why financial statements are important to a business

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Reference no: EM133510981

Assignment: Journal Guidelines

Overview

This journal is the first in a series of connected assignments culminating with Project Two. In Project Two, you'll analyze and evaluate a business's financial health. You'll also recommend financing options that improve the company's financial health. Use the Project Two Business Options List to choose the business that you'll examine in Project Two. Then use Mergent Online to locate the most recent quarterly financial statements for the business: the balance sheet, the income statement, and the cash flow statement.

To succeed in your Project Two assignment, you will need to understand the role of financial statements and how they help a business determine its financial health. You will also need to explain why cash flow management is important to the financial health of a business.

Directions

Write a brief journal that introduces the business you chose for your Project Two assignment.

Specifically, you must address the following criteria:

I. Business Selection: Describe the business you chose, including the business name and what the business offers consumers.

II. Financial Statements: Using Mergent Online, download and submit a copy of the balance sheet, the income statement, and the cash flow statement from the most recent fiscal quarter for the business you chose.

III. Financial Statement Role: Explain why financial statements are important to a business and how they help businesses determine their financial health.

IV. Cash Flow Management: Explain why cash flow management is important to a business and its financial health. Use a financial news story from the past two months as an example to support your claims.

Reference no: EM133510981

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