Task:
Select one of the financial statements that were covered in this module: The Balance Sheet, The Statement of Operations, The Statement of Changes in Net Assets, or the Statement of Cash Flows. In your own words, explain what important information it provides and why it is necessary. Refer to your chosen topic and reference its relevance. Lastly, can you think of some important information not included on your chosen statement? Why do you think the other financial statements are needed?