Understanding Financial Statements

FIN-315: Accounting and Financial Concepts of BusinessLearning

Can you please do the wording on each slide, So I can make my audio presentation?

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Upon completion of this learning module, you should be able to:

• Analyze and understand financial statements from an accounting perspective.
• Evaluate financial statements from a finance perspective.
• Distinguish the three distinct sections of the statement of cash flows.
• Incorporate biblical and ethical principles into the analysis of financial statements.

Introduction and Alignment

You will be introduced to Corporate Finance in Learning Module: Understanding Financial Statements. Now that you understand the basics of accounting, you will learn how to use ratios to understand a business from the corporate finance perspective. You will go deeper into the types of financial statements, how they are used for decision-making, and the many different disclosures that are required.

You will also analyze financial statements from an accounting perspective. There is overlap between the fields, but each offers their own perspective. Perhaps the most important thing for business leaders to understand is cash flow. Being able to read and understand a statement of cash flows is an important business skill to possess.

Resources

• Modules:
  • Merchandise Inventory
  • Define and Describe the Components of an Accounting Information System
  • Long Term Assets
  • Distinguish between Tangible and Intangible Assets
  • Methods for Financial Statement Analysis
  • The DuPont Equation
• Bible

Learning Module Activity Path: Understanding Financial Statements

DEVOTIONAL

Leviticus 19:36
Proverbs 11:1

READ, REVIEW, AND CHECK FOR UNDERSTANDING

Merchandise Inventory

Define and Describe the Components of an Accounting Information System

Long Term Assets

Distinguish between Tangible and Intangible Assets

Methods for Financial Statement Analysis

The DuPont Equation

ASSESSMENT ONE

Instructions

Assessment One Instructions

Complete all previous activities in the Learning Module Path: Financial Statements.
Select one topic from the Learning Module: Financial Statements.
Create a video journal and address these points:
As an entry-level professional.
As a mid-level professional.
As an executive-level professional.
Identification: Identify the topic and explain why you believe the topic is important.
Explanation: Explain the calculations or concepts, and how it can be used in decision-making.
Application: Assuming your audience knows nothing about the topic, explain how to apply it:
Ethics: Identify 1 ethical issue related to this topic and explain how you would address it.
Process
Develop a rough idea of what you want to do.
Create a storyboard to further organize and refine your thoughts.
Requirements:
The video should be between 5 minutes and 7 minutes long.
A minimum of 7 slides. You may choose any form of presentation
software. You will post the URL for the instructor to review. 1 slide
for the introduction and 1 slide for references with at least 5 for the
body.
A minimum of 2 references from the Skyepack modules associated with this Learning Module.
A minimum of 1 reference from the Bible.
Submit a Word document with your name and the URL for your presentation in submit assignments.
When you have completed your assignment, save a copy for yourself and submit a copy to your instructor using the Financial Statements Assignment Submission Page by the end of week 3.