Financial Statements

Financial Statements

Write a paper in which you do the following:

• Identify the 4 basic financial statements.
• Describe the purpose of each of the 4 financial statements.
• Discuss the types of accounts that are found on each statement.
• Discuss how the financial statements would be useful to internal users, such as managers and employees.
• Discuss how the financial statements would be useful to external users, such as investors and creditors.

Format the paper consistent with APA guidelines.

Deliverable Length: 800–1,250 words

No plagiarism please!

Answer Preview

Financial statements are formal records which provides a summary of the financial activities of an organization. They reflect the performance, the financial status as well as the liquidity of the business.  The financial statements also indicates how the various transactions…