300-500 words on your thoughts. Discussion 5

This is for a class BUS 6003 Foundations of Accounting and Finance.

You will complete an initial posting with 300-500 words answering the desired question(s) or proposing your solution to the problem given in the forum. 

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Your posting should include a reference to your textbook and two additional peer reviewed sources.

  • Companies provide the notes of the financial statement with each reporting package because they help explain why the company is reporting specific numbers in their reports. These notes also connect financial reporting to specific accounting rules and standards which is why some analysts encourage you to read the notes first before reviewing the financial reports.
    • As a user of financial information, what misinterpretation problems could you avoid by following these analysts’ advice about reading the notes first?
    • How does this help you think differently about the financial statements?

The Textbook is: Marshall, D., McManus, W., & Viele, D. (2017) Accounting: What the Numbers Mean. 11th Edition. McGraw Hill-Irwin Publishing. New York, New York. ISBN: 9781259909443

 

If you don’t have access to the textbook, you can write the paper without the reference.

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