Application Of Financial Statement Essay

804 words - 4 pages

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 ...view middle of the document...

| Partially completed the balance sheet or income statement and explained how the use of it may be applied to everyday life. Completed with 70-79% accuracy, thoroughness, and logic. | Sufficiently completed the balance sheet or income statement and explained how the use of it may be applied to everyday life. Completed with 80-89% accuracy, thoroughness, and logic. | Fully completed the balance sheet or income statement and explained how the use of it may be applied to everyday life. Completed with 90-100% accuracy, thoroughness, and logic. |
2. Using the same concept selected above, discuss how a business manager may benefit from an understanding of this statement. | Did not use the same concept selected above or discuss how a business manager may benefit from an understanding of this statement; omitted information and/or included irrelevant information. Completed with less than 70% accuracy, thoroughness, and logic. | Partially used the same concept selected above or discussed how a business manager may benefit from an understanding of this statement. Completed with 70-79% accuracy, thoroughness, and logic. | Sufficiently used the same concept selected above or discussed how a business manager may benefit from an understanding of this statement. Completed with 80-89% accuracy, thoroughness, and logic. | Fully used the same concept selected above or discussed how a business manager may benefit from an understanding of this statement. Completed with 90-100% accuracy, thoroughness, and logic. |
3. Discuss how your understanding of the balance sheet and income statement may be applied to your current or future position. | Did not discuss understanding of the balance sheet and income statement and...

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