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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.
Question
Complete the Statement (3-5 sentences)
Corporate Perspective (3-5 sentences)
Investor Perspective (3-5 sentences)
Accounting refers to:
Accounting is important because:
Corporate Financial statements are:
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.
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