ACC 561 Week 1 Financial Statement Review.pdf

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ACC 561 Week 1 Financial Statement Review

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Option 1:

1. Select an American corporation.
2. Visit its website and download the Income Statement, Statement of Stockholders Equity, Balance Sheet,
and Statement of Cash Flows.
3. Complete the University Material: Financial Statement Review Worksheet.
4. Submit the completed worksheet, copies of the downloaded financial statements, and a link to the website.
Include all your calculations if applicable.
5. Click the Assignment Files tab to submit your assignment.

Option 2:

1. Create a table that lists each type of financial statements - income statement, balance sheet, cash flow
statement and statement of equity under Column.
2. Add two columns. Column 2 should be labeled "Purpose" and Column 3 should be labeled "Users".
3. Complete the table. Under Column 2 explain the purpose and content of each statement. Under Column 3
list the users of each and explain how they would use such statements.
4. Click the Assignment Files tab to submit your assignment.

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