Financial statements are important as they can provide enough valuable information for business evaluation. Usually, financial statements cover at least two periods so that the performance can be examined. This week, we are going to learn some methods of financial statement analysis.
This discussion is an opportunity for us to dive deeper, think critically, and call on in-depth thinking as we engage in conversation. Your initial post should be at least 150 words and include three parts: Remember, Understand, and Analyze (use these 3 hashtags in front of your answers)
#Remember What are three main ways to analyze financial statements?
#Understand Watch the video “Ratio Analysis Introduction”. What are the three main groups of ratios and what do they measure? Please provide at least three ratios for each main group of ratios.
#Analyze Is financial statement analysis helpful to the hospitality industry? Please explain.
Module 4 – Discussion
Finally, we are going to learn about managerial/management accounting this week. Trust me, you will love it! First, let’s start with some very basic concepts of managerial accounting.
This discussion is an opportunity for us to dive deeper, think critically, and call on in-depth thinking as we engage in conversation. Your initial post should be at least 150 words and include three parts: Remember, Understand, and Analyze (use these 3 hashtags in front of your answers)
#Remember What is managerial accounting?
#Understand What is the primary goal of managerial accounting? Why is it important to businesses?
#Analyze As mentioned in one of the videos, managerial accounting uses specialized data products instead of standard financial statements to communicate with internal decisional makers. What are some specialized ratios for the hospitality industry do you have in mind?
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