Research has shown that students enjoy their learning experience more when they have more control within their learning environment and topics of study. This week I would like you to complete the questions below using your chapter 2 resources. Following the grading rubric for discussions, please post your answer to any ONE of the questions below and make sure to provide a minimum of one link to an article or video that can be used as a learning resource for your classmates on your chosen question. Don't forget a references section at the bottom of your post, and to reply to your fellow learners. CHOOSE ONLY ONE QUESTION FOR YOUR DISCUSSION.

Why does a financial professional working outside accounting need a knowledge of accounting principles and methods? Discuss the purpose of an accounting system and financial statements in terms of the way the system represents a business. What is meant by liquidity in financial statements? Do the definitions of current assets and current liabilities suggest a quick way of looking at the firm's ability to meet its financial obligations (pay its bills) over the near term? (Hint: Think in terms of ratios.) How are capital and working capital different? What is leverage and how does it work? What is the main concern about using it?