September 2023 Assignment 2 Discussion Understanding Financial Statements In this assignment you will learn to read and interpret financial
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Assignment 2 Discussion Understanding Financial Statements In this assignment you will learn to read and interpret financial 2023
Assignment 2: Discussion—Understanding Financial Statements In this assignment, you will learn to read and interpret financial statements. Understanding the picture these four-document summaries provide of a company’s financial performance is critical to making decisions about its management and its relation to the global economy and financial markets. Tasks: Please put the following income statement and balance sheet terms in the proper order: Taxes, Interest, gross profit, selling, general and administrative expenses, sales, depreciation, net income, cost of goods sold, EBITDA. Please put the following balance sheet terms in the appropriate category as either short-term assets, long-term assets, short-term liabilities, long-term liabilities, and/or owner’s equity: Cash, accounts payable, accruals, property, plant and equipment, inventory, accounts receivables, paid in capital, retained earnings, notes payable, mortgage, accounts payable. In terms of McGladrey and Pullen’s “Reading & understanding financial statements,” explain the balance sheet equation in 300 words or less. Your initial post should be 750 to 1000 words long and demonstrate critical thinking and analysis. Apply APA standards to all citations of sources. Submission Details: By Friday, November 6, 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
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