Describe the role of statement of cashflows entries offered as part of the simulation.

Prior to beginning work on this assignment, watch the video
Introduction to Financial Statements (https://www.youtube.com/watch?v=4sGEtZcLdx8).
This video covers an overview of the four financial statements.

Create an assignment focused on level of comfort with three
important financial statements:

The income and expense report
The balance sheet Download balance sheet (Attachment)

The statement of cash flows

The
reflective evaluation is the foundation for creating a plan to increase
knowledge of these three statements.
Do
the following:
· Consider and reflect on knowledge gained in
the work environment.
· Review Chapter 8 Mini Sim on accounting and
accounting information Notes (Attachment)
In
your Paper
· Evaluate
your level of comfort with the three foundation financial statements:
o The
income and expense report
o The
balance sheet
o The
statement of cash flows
· Evaluate
your level of comfort with three important financial statements:
o The
income and expense report.
o The
balance sheet.
o The
statement of cash flows.
· Illustrate
the relationship of the elements of all income and expense report entries
offered as part of the simulation.
· Illustrate
the steps needed to discuss a pro forma income and expense statement with a
potential investor.
· Interpret
the meaning of the balance sheet entries offered as part of the simulation.
· Identify
the principles and steps needed to discuss a pro forma balance sheet with a
potential investor.
· Describe
the role of statement of cashflows entries offered as part of the simulation.
· Summarize
the principles and steps needed to discuss a pro forma statement of cashflows
with a potential investor.
Next, do the following:
Evaluate your level of comfort with the three
foundation financial statements: (a) the income and expense report, (b) the
balance sheet, and (c) the statement of cash flows. Within your evaluation,
consider the following:
· Evaluate
the level of comfort with three important financial statements: (a) the income
and expense report, (b) the balance sheet, and (c) the statement of cash flows.
· Illustrate
the foundation principles of all income and expense report entries offered as
part of the simulation. What knowledge was needed to discuss a pro forma income
and expense statement with a potential investor?
· Define
the purpose of balance sheet entries offered as part of the simulation.
· Identify
the principles and steps needed to discuss a pro forma balance sheet with a
potential investor.
· Define
the role of statement of cashflows entries offered as part of the simulation.
· Define
the principles and steps needed to discuss a pro forma statement of cashflows
with a potential investor.

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