Identify the 4 basic financial statements.

  • Identify the 4 basic financial statements.
  • Describe the purpose of each of the 4 financial statements.
  • Discuss the types of accounts that are found on each statement.
  • Discuss how the financial statements would be useful to internal users, such as managers and employees.
  • Discuss how the financial statements would be useful to external users, such as investors and creditors.