(Solution) -ACC 225 Week 1 CheckPoint Financial Statements
Academic Level: Undergrad. (yrs 3-4)
Paper Format: APA
ACC 225 Week 1 CheckPoint Financial Statements
CheckPoint: Financial Statements
· Resource: Fundamental Accounting Principles, Ch. 1
· Consider that you have been asked to explain financial statements to someone who knows nothing about accounting.
· Review the information on financial statements in Ch. 1 of Fundamental Accounting Principles.
· Discuss, in 200-300 words, each of the four financial statements. Explain the different components of the statements as well as what the statements tell about a business.