ACC 230 WEEK 1 CHECKPOINT - ASSESSING FINANCIAL STATEMENTS

ACC 230 WEEK 1 CHECKPOINT - ASSESSING FINANCIAL STATEMENTS...

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Week 1 CheckPoint: Assessing Financial Statements · Resources: Ch. 2 of Understanding Financial Statements; and Ch. 1 PowerPoint® (pp. 1- 10, 1-11, and 1-13) · Due Date: Day 5 [post to the Individual forum] · Search the Internet for the financial statements of your favorite company or your employer. You can either locate the corporate Web site for your chosen company, or you can select a company’s financial statements from the EDGAR database at http://www.sec.gov/edgar/searchedgar/webusers.htm · Post a 200- to 300-word response that includes the following information: o Three strengths and three weaknesses in the financial statements o Trends in net profit, debt ratio as a percentage of total assets, and debt as a percentage of total equity o A review of 2- to 3-year trends and a discussion on positive and negative trends o A confirmation of whether or not the company is discussing what it intends to do to correct negative trends
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