Application of Financial Statement

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Assignment 1: Application of Financial Statement Students will prepare a ten (10) page response to the following: * Select either the balance sheet , income statement,or statement of cash flow and explain how the use of it may be applied to your everyday life. * Using the same concept selected above, discuss how a business manager may benefit from an understanding of this statement. * Discuss how your understanding of the balance sheet and income statement may be applied to your current or future position. The format of the report is to be as follows: * Typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format. * Type the question followed by your answer to the question. * In addition to the ten (10) pages required, a title page is to be included. The title page is to contain the title of the assignment, your name, the instructor’s name, the course title, and the date.Note: You will be graded on the quality of your answers, the logic/organization of the report, your language skills, and your writing skills. |

The assignment will be graded using the following rubric:

Outcomes Assessed | * Prepare and analyze financial statements including the balance sheet, income statement, and statement of cash flow. * Use technology and information resources to research issues in financial accounting management. | Grading Rubric for Written Assignment: Application of Financial Statement |

Criteria | 0Unacceptable | 20Developing | 30Competent | 40Exemplary | 1. Select either the balance sheet or income statement and explain how the use of it may be applied to your everyday life. | Did not complete the balance sheet or income statement and explain how the use of it may be applied to everyday life; omitted information and/or included irrelevant information. Completed with less than 70% accuracy, thoroughness,…...

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