Management – 4/12/18

I.  Bellwork: Q&A

A.  Explain why are financial statements important

II.  Objectives:

  • Describe the purpose of financial statements and explain who uses the information.
  • Describe the contents and explain the purpose of a balance sheet.
  • Describe the contents and explain the purpose of an income statement.
  • Describe the contents and explain the purpose of a cash flow statement.

III.  Financial Reports pgs 400-408

Discussion/Notebook:

  • Financial Statements & Users
  • Comparison table
    • Balance Sheet
    • Income Statement
    • Statement of Cash Flows

IV.  Classwork

  • 400 Vocabulary (12)
  • 408 1-4 Q&A


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