1)Financial statements (20 points)
The balance sheet, the income statement, and the cash flow statement each serve a different function, yet they work in harmony with one another. Give a concrete example of when each of these three statements is needed and for what purpose. Who (i.e. bankers, investors, business owners, etc.) is most interested in each of these statements and why? How can non-financial managers use the statements to better manage people and resources?
Please respond to two of your peers.
2)Financial problem in your industry (20 points)
Using a trade journal from your chosen industry, illuminate a recent financial problem facing a company in that industry. Look at the big picture, rather than just the shortage of funds or the over extension of credit. Why is this particular financial problem you chose typical or atypical of your industry? What kind of tools and resources will the company with the financial problem need in order to solve the problem? (Hint: solving the problem doesnât just mean getting money from somewhere. It means finding a solution so that the problem doesnât present itself again regularly.) Please provide the full APA reference at the bottom of your post.
Please respond to at least two of your peers with thoughtful comments and questions.
NOTE
1)PLAGIARISM is the main key role
2)discussion boards references and citations should be in a APA FORMAT
3)MANAGERIAL FINANCE AND ACCOUNTING
