Financial statements

Financial statements

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There are three main parts to this case that requires you to prepare and submit a three to five page paper. Please make sure this paper is well organized and covers all of the items below.

Part I.  Search the course background information, the Internet and/or the Online Library.  Discuss the terms listed below. Your discussion should expand on the definition as given in the module background.  Explain why these concepts are important to financial statements.

  • Generally Accepted Accounting Principles (US GAAP);
  • International Accounting Standards (IFRS);
  • Securities and Exchange Commission (SEC);
  • Annual report; and
  • 10-K, 10-Q, and 8-K

Part II. Explain the basic formats of financial statements such as income statement, balance sheet, statement of cash flows, and statement for retained earnings.

Pre-Written Pages: 4


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