ACC 225 Week 1 Checkpoint Financial Statements

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ACC 225 Week 1 Checkpoint Financial Statements

Week 1:

CheckPoint: Financial Statements

Resource: Fundamental Accounting Principles, Ch. 1

Due Date: Day 5 [post to the Individual forum]·

Consider that you have been asked to explain financial statements to someone whoknows nothing about accounting.

Review the information on financial statements in Ch. 1 of Fundamental AccountingPrinciples.

Discuss, in 200-300 words, each of the four financial statements. Explain the differentcomponents of the statements as well as what the statements tell about a business.

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ACC 225 Week 1 Checkpoint Financial Statements

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