1. Review the Weekly Activities through Week 2.
2. Write a brief report (150–200) words with at least five sentences and two paragraphs.
3. Submit it as a Word document.
The report should address the following:
this is the week 2 activities
The cash flow statement may be the most informative of the four standard financial statements. Therefore, you will study this statement in detail. You will classify cash sources and uses by type of business activity. How corporations account for investments, long-term assets, and intangibles will be discussed.
We will also introduce comparative analysis, using horizontal and vertical techniques as well as standard financial ratios and other calculations. Financial ratios can be used to evaluate a corporation’s performance compared with past performance as well as the performance of industry peers.
After completing this week, you should be able to
The primary source for course reading material each week is Principles of Accounting and located at https://www.principlesofaccounting.com/. This source is in webpage format and includes videos. The Open Stax text is supplemental reference material. Additional reference materials are also provided in the learning resources.
It is strongly advised that you download the full text of Principles of Accounting (1055 page book Financial Accounting) and the 24 PowerPoint slide presentations that complement Principles of Accounting. These can be found under Content >> eReadings