Discuss the interrelationship among the income statement, balance sheet, and statement of cash flows.

Discussion

part one

Your book this week discussed financial reporting, and the balance sheet. Discuss the interrelationship among the income statement, balance sheet, and statement of cash flows.

• Write a minimum of 250 and maximum of 300 words.
• Submit your original post by Thursday before midnight EST.
• Respond to at least 1 other post by Sunday before midnight EST.
• Failure to submit posts in a timely manner, meet the assigned minimum word count, include citations and references for external sources, or respond to an instructor or peer comment will result in a loss of points.
• Note: Cite paraphrased information obtained from another source but do not use quotes for this assignment.

part two

Based on your readings this week, explain the purpose of financial statement analysis, describe the primary techniques used in financial statement analysis, and finally, discuss the problems associated with financial statement analysis.

• Write a minimum of 300 and a maximum of 350 words.
• Support your post by citing one reference (other than the text) in the discussion.
• Submit your original post by Monday before midnight EST.
• Respond to at least 1 other post by the last day of class (please refer to snapshot).
• Failure to submit posts in a timely manner, meet the assigned minimum word count, include citations and references for external sources, or respond to an instructor or peer comment will result in a loss of points.
• Note: Cite paraphrased information obtained from another source do not use quotes.

Answer preview………………….

Discussion

Part 1

In financial reporting, there are several financial statements that are prepared or maintained by a company for accounting and taxation purposes. They include the c-flow statement, b-sheet, and statement of incomes. Despite the fact that these statements are prepared independently and serve different purposes, they are highly interlinked through a number of relationships that can be observed in financial reporting. The first interrelationship is that some of the elements that are included in one of the statements are used in the preparation of the other. An example is net income that is borrowed from the statement of income. The figure is later used in the preparation of the c-flow statement. The figure is also used as the figure for cash flows that……………

APA 615 words