FINANCIAL STATEMENT

Briefly review the three basic financial statements and the type of information that each statement provides. In your opinion, which statement is the most instructive regarding organizational financial health? In a similar vein, which financial ratio(s) provide the most insight into financial viability?

Make your initial post, posts, substantive. Your own initial post should be a minimum of three paragraphs in length. Follow the requirements of the CSU-Global Guide to Writing and APA and cite at least two peer-reviewed scholarly resources, excluding the textbook.

Answer preview

A financial statement is an inscribed record of the activities of finance in an organization that presents the financial information clearly to its users. Some of the statements include the balance sheet, income statement and the cash flow statement. Assets, liabilities and capital in the form of stockholders as the business runs with time are indicated by the balance sheet. The balance sheet also bears a date that is the end of a business year, and it illuminates the accounting equation that is assets = liabilities + stockholder’s equity (capital)…