Explain why it is important to know the scope of business being reviewed when using financial statements. For Discussions, use a multimedia tool. Post a 1 to 2 minute multimedia piece responding to the above question. Besides posting your individual multimedia piece you must comment on 2 other students' multimedia pieces (you are not required to record your comments, but can choose to use the text comment feature). Remember, they must still be quality posts. Simply stating, "Nice job, I agree" is not sufficient. Examples of quality posts include: providing additional information to the discussion; elaborating on previous comments from others; presenting explanations of concepts or methods to help fellow students, presenting reasons for or against a topic in a persuasive fashion, sharing your own personal experiences that relate to the topic, and Providing a URL and explanation for an area you researched on the Internet.