DQ 01:

 

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What do you find interesting about each of the four financial statements, which include balance sheets, income statements, statements of cash flows, and statements of owners’ equity?

 

DQ 02:

 

Accounting is often called the “language of business”. Why do you think accounting is called the language of business?

 

DQ 03:

 

Why are the financial statements important to internal users such as employees, managers and directors of a company?

 

DQ 04:

 

If you are an investor in a company, which statement do you look at first and why?

 

DQ 05:

 

How do accountants and accounting help to connect to the numbers? What tools are used to accomplish this?

 

DQ 06:

 

The income statement is ongoing meaning that it measures a company’s performance over time, (1 month, 3 months, a year): What are some questions that are answered by the income statement?

 

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