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Running head: W11 QUESTIONS 1 W11 Questions Student’s Name Institutional Affiliation
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W11 QUESTIONS 2 W11 Questions A. Rate the three (3) most important concepts that you learned in this course in order of importance (one (1) being the most important; three (3), the least). Explain the reasons for your ratings. I feel that the most important concepts that I have learned in this course are as following: 1. Financial Statements and Reports. The financial statements and reports are the annual financial reports of the company indicating the company’s performance over a given period. It includes balance sheet, income statement and the cash flow statement as well as the statement of changes in equity. This has been important and interesting, as I have learned how to prepare these statements without any difficulty. Financial statements are important to managers and other stakeholders of the company as it indicates the current position of the company in terms of profitability and its net worth. The financial reports of the company are prepared at the end of fiscal year and published in the company’s website more so for those public listed firms.
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