Discussion-Financial Management Terminologies

In this assignment, you will explore the financial management terms that will be used throughout the course and will help with personal and professional decision making.

Tasks:

• Please explain in which order the four major financial statements need to be prepared, and why.

• Please explain the three major categories of the statement of cash flows and under which category the following item belongs. Also explain whether or not the item would be considered a source or use of cash for the period in question:

Inventory-increased for period

Net income-increased for period

Accounts receivables increase for period

Accounts payable decrease for period

Accruals decrease for period

Depreciation-increases for period

Stock issued

Property purchased

Bonds paid off

Inventories increase for period

Cash decreases

Notes payable increase for period

Bonds redeemed for period

Your initial post should be no more than 500 to 750 words. Apply APA standards to citation of sources.