Posted: April 9th, 2022

Financial Statements

Prior to beginning work on this discussion, please read Chapters 12, 13, 14 and 15 in our textbook and the Driving growth (Links to an external site.) article (PDF Version Download PDF Version). Your initial post should be 250 to 300 words.
It is important for non-financial managers to be able to identify financial statements and understand their purpose. For your initial response, you will need to discuss the following:
• Name the four basic financial statements.
• Choose one of the four and evaluate its purpose for the organization, including its role in the budgeting process.
• Explain what type of information can be derived from each statement.
• Describe the major purpose of financial statements.

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Please study Chapters 12, 13, 14, and 15 of our textbook as well as the essay Driving growth (Links to an external site.) before commencing work on this discussion (PDF Version Download PDF Version). Your first post should be between 250 and 300 words long.
Non-financial managers must be able to recognise financial statements and comprehend their purpose. You will need to mention the following topics in your initial response:

• Identify the four fundamental financial statements.

• Select one of the four and assess its relevance to the organization, particularly its involvement in the budgeting process.

• Describe the type of information that may be drawn from each statement.

• Explain the primary function of financial statements.

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