- Analyze Apple’s most recent financial statement. Based on your analysis, predict whether Apple’s financial health will likely improve or deteriorate over the next five (5) years. Provide a rationale for your response.
- Examine Apple’s statement of cash flows. Recommend at least two (2) actions that Apple could take I order to maximize the use of its cash flows. Provide a rationale for your response.
- Describe the three business activities of financing, investing, and operating.
- Define accounting and describe its role in business.
- Describe and illustrate the basic financial statements and how they interrelate.
- How do you prepare financial statements for a corporation’s first period of operations?
- Describe key accounting concepts underlying financial reporting.
- Share an example of an external financial statement user and describe how financial statements are important to this user.
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