Research Phase

Research the 4 basic financial statements (balance sheet, income statement, statement of retained earnings, statement of cash flows).

1. Choose 1 type
   • Choose one of the above financial statements for this assignment.
2. Gather Examples Gather several examples of the type of financial statement you chose. Choose the best one to use in your assignment.
3. Get advice.
   • Review the financial statement. Take notes and add definitions for each area or section. If you do not know what something is, ask your professor. If the numbers look off, discuss with your classmates and professor.

4. Design Phase

   Design the Visual Aid for someone new to or intimidated by financial statements. What should it include?

   Please include:

5. A real financial statement.
6. A definition or description section for each section or area of the statement.
7. Add arrows or boxes connecting the definition to the correct area.
8. Add any mathematical formulas one would need to understand where the numbers came from.
9. Add tips for new learners.
10. Add a "red flags to look for" section.
11. Add other information your instructor would like to see.