Discussion-financial management

Question

Assignment : Discussion-Financial Management Terminologies

In this assignment, you will explore the financial management terms that will be used throughout the course and will help with personal and professional decision making.

Tasks:

Please explain in which order the four major financial statements need to be prepared, and why.

Please explain the three major categories of the statement of cash flows and under which category the following item belongs. Also

explain whether or not the item would be considered a source or use of cash for the period in question:

Inventory-increased for period

Net income-increased for period

Accounts receivables increase for period

Accounts payable decrease for period

Accruals decrease for period

Depreciation-increases for period

Stock issued

Property purchased

Bonds paid off

Inventories increase for period

Cash decreases

Notes payable increase for period

Bonds redeemed for period

Your initial post should be no more than 500 to 750 words. Apply APA standards to citation of sources.

Answer 1

For this task, you have to explore the financial management terms which will be used all through the course and will assist with the personal and professional decision making. 1) Please describe in which order the four main financial statements require to be prepared and explain why. 2) Please describe the three main classes of the statement of cash flows and in which class the given item belongs. As well describe whether or not the item would be considered as a source or use of cash for the period in question: a) Inventory-increased for period b) Total income-increased for period c) Accounts receivables increase for period d) Accounts payable decrease for period e) Accruals decrease for period f) Depreciation-increases for period g) Stock issued h) Property purchased i) Bonds paid off j) Inventories increase for period k) Cash decreases The initial post must be no more than 500 to 750 words. Implement APA standards for the citation of resources.