Week 1 Realize it Questions and Answers
1. The income statement and the balance sheet are tied together through depreciation and
retained earnings accounts.
2. When the cost of goods is subtracted from the sales, the resulting number is known as the
The Role of Financial Management in a Firm
Summarize the role of management as it relates to finance in a corporation. In your post, address the following:
Indicate the various aspects of finance that management must understand.
Describe why a manager n
View the Important Financial Documents video which looks at the fundamental financial documents
every company needs; including the balance sheet, income statement, and statement of cash flow.
In your post, choose one of the financial