ACC 290 The Four Basic Financial Statements

The Four Basic Financial Statements

ACC 290

The Four Basic Financial Statements

Write a 350- to 700-word summary in which you do the following:

• Identify the four basic financial statements. - Describe the purpose of each of the four financial statements. - Discuss how the financial statements would be useful to internal users such as managers and employees. - Discuss how the financial statements would be useful to external users such as investors and creditors.

Format the summary consistent with APA guidelines. Provide at least two citations/references to indicate the source of the information.

There are four basic financial statements in accounting, which are as follow: a balance sheet, an income statement, a retained earnings statements,...