Assignment 3: Discussion—Financial Management Terminologies
In this assignment, you will explore the financial management terms that will be used throughout the course and will help with personal and professional decision making.
- Please explain in which order the four major financial statements need to be prepared, and why.
- Please explain the three major categories of the statement of cash flows and under which category the following item belongs. Also explain whether or not the item would be considered a source or use of cash for the period in question:
Inventory-increased for period
Net income-increased for period
Accounts receivables increase for period
Accounts payable decrease for period
Accruals decrease for period
Depreciation-increases for period
Bonds paid off
Inventories increase for period
Notes payable increase for period
Bonds redeemed for period
Your initial post should be no more than 500 to 750 words. Apply APA standards to citation of sources.
- By Saturday, July 22, 2016, post your responses to this Discussion Area. Support your assumptions by citing reputable source material used for this discussion in APA format.
Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation