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Assignment 3 Discussion Financial Management Terminologies In this assignment you will explore the 2023
Assignment 3: Discussion—Financial Management Terminologies In this assignment, you will explore the financial management terms that will be used throughout the course and will help with personal and professional decision making. Tasks: Please explain in which order the four major financial statements need to be prepared, and why. Please explain the three major categories of the statement of cash flows and under which category the following item belongs. Also explain whether or not the item would be considered a source or use of cash for the period in question: Inventory-increased for period Net income-increased for period Accounts receivables increase for period Accounts payable decrease for period Accruals decrease for period Depreciation-increases for period Stock issued Property purchased Bonds paid off Inventories increase for period Cash decreases Notes payable increase for period Bonds redeemed for period Your initial post should be no more than 500 to 750 words. Apply APA standards to citation of sources. Submission Details: By Saturday, November 7, 2015 , post your responses to this Discussion Area . Support your assumptions by citing reputable source material used for this discussion in APA format. Through Wednesday, November 11, 2015 , respond to at least two of your classmates’ posts who chose terms different from yours. While responding, share any real-world experiences involving the different terms and explain what these concepts mean to you as far as their role in decision making is concerned. Provide substantive comments by contributing new, relevant information or quotes from course readings, Web sites, or other sources; building on the remarks or questions of others; or sharing practical examples of key concepts from your experiences—professional or personal. Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation Do the following when responding to your peers: Read your peers’ answers. Provide substantive comments by contributing new, relevant information from course readings, Web sites, or other sources; building on the remarks or questions of others; or sharing practical examples of key concepts from your professional or personal experiences Respond to feedback on your posting and provide feedback to other students on their ideas. Make sure your writing is clear, concise, and organized; demonstrates ethical scholarship in accurate representation and attribution of sources; and displays accurate spelling, grammar, and punctuation. Grading Criteria Assignment Components Max Points Initial response was: Insightful, original, accurate, and timely. Substantive and demonstrated advanced understanding of concepts. Compiled/synthesized theories and concepts drawn from a variety of sources to support statements and conclusions. 16 Discussion Response and Participation: Responded to a minimum of two peers in a timely manner. Offered points of view supported by research. Asked challenging questions that promoted discussion. Drew relationships between one or more points in the discussion. 16 Writing: Wrote in a clear, concise, formal, and organized manner. Responses were error free. Information from sources, where applicable, was paraphrased appropriately and accurately cited.