Question: This week, we will prepare presentations defining and explaining the three key financial reports: The Balance Sheet, The Income Statement, and The Statement of Cash

This week, we will prepare presentations defining and explaining the three key financial reports: The Balance Sheet, The Income Statement, and The Statement of Cash Flows.

Based on research and what we have learned so far, the presentation will cover the following:

Describe the focus and content areas of each of the three reports.

Explain how the data in the three reports are related.

Identify at least two different types of actions that managers might take based on the data contained in each of the reports. Explain why these types of actions should be based on the information in the respective report.

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