Problem
Critically evaluate the different types of financial statements, the accounts that compose them and in turn explain the importance of each of these financial statements.
You can summarize these concepts taking into account the presentation provided by the teacher.
Look for an example of the three main financial statements, (Statement, Statement of Income and Expenses and Statement of Cash Flow).
Explain the kinds of accounts that make up each of these financial statements and define their purpose.
What is the importance of each of these financial statements?