Discussion: Financial Statements

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Understanding the components and differences in financial statements can help you in making better decisions as a financial manager.

Resources

  • Textbook: Foundations of Financial Management
  • Website: Connect

Instructions

  1. Review the rubric to make sure you understand the criteria for earning your grade.
  2. Review Chapter 2 in Foundations of Financial Management. 
  3. Review the videos and other learning support resources for this weeks assignments in the Connect Multimedia Library to help further understanding.
  4. Navigate to the threaded discussion and respond to the following:
    1. How does an income statement differ from a balance sheet?
    2. Why are profits not the same as cash flows?
  5. Your initial post is due by the end of the fourth day of the workshop. Your response should be 200 to 300 words in length and include one academic source that is properly cited.
    1. For questions on APA style, go to .
  6. Read and respond to at least two of your classmates postings, as well as all follow-up instructor questions directed to you, by the end of the workshop. Each response should be at least 100 words and include one academic source that is properly cited.
  7. Your postings should also:
    1. Be well developed by providing clear answers with evidence of critical thinking.
    2. Add greater depth to the discussion by introducing new ideas.
    3. Provide clarification to classmates questions and provide insight into the discussion.