ACC 561 Week 1 Financial Statement Review
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<strong>ACC</strong> <strong>561</strong> <strong>Week</strong> 1 <strong>Financial</strong> <strong>Statement</strong> <strong>Review</strong><br />
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<strong>Week</strong>-1-<strong>Financial</strong>-<strong>Statement</strong>-<strong>Review</strong><br />
Option 1:<br />
1. Select an American corporation.<br />
2. Visit its website and download the Income <strong>Statement</strong>, <strong>Statement</strong> of Stockholders Equity, Balance Sheet,<br />
and <strong>Statement</strong> of Cash Flows.<br />
3. Complete the University Material: <strong>Financial</strong> <strong>Statement</strong> <strong>Review</strong> Worksheet.<br />
4. Submit the completed worksheet, copies of the downloaded financial statements, and a link to the website.<br />
Include all your calculations if applicable.<br />
5. Click the Assignment Files tab to submit your assignment.<br />
Option 2:<br />
1. Create a table that lists each type of financial statements - income statement, balance sheet, cash flow<br />
statement and statement of equity under Column.<br />
2. Add two columns. Column 2 should be labeled "Purpose" and Column 3 should be labeled "Users".<br />
3. Complete the table. Under Column 2 explain the purpose and content of each statement. Under Column 3<br />
list the users of each and explain how they would use such statements.<br />
4. Click the Assignment Files tab to submit your assignment.
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