Question 1. With regard to financial and accounting procedures, is there a difference between what you are ethically obligated to do and legally obligated to do? Give an example and be specific.
Question 2. What is the interrelationship among the four financial statements? Explain and articulate the relationships between the financial statements.
Question 3. What methods have we learned about that are used to analyze an organization¿s financial condition and performance? How will you use these analyzing tools in your career?
Question 4. We have learned about the value of understanding a company's financial statements in order to make informed business decisions. We have also learned about financial ratios and trend analysis. How do the two areas work in concert together to help paint the overall financial picture of a corporation's health?