Explain how financial statements are helpful to the business


Journal Problem

The Learning Journal is a space where you should reflect on what was learned and how it applies to your daily life and will help you with your life (career) goals.

For this reflection, explain how financial statements (Income Statement, Statement of Owner's Equity, Balance Sheet, and Statement of Cash Flows) are helpful to the business owner, employees, and investors using a company in your local area. Be sure to begin by stating the name of the company you chose.

Franklin, M. Graybeal, P. & Cooper, D. (2020). Principles of accounting, volume 1:Financial accounting. Open Stax Rice University.

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Financial Accounting: Explain how financial statements are helpful to the business
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