Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
READ & REPLY
Read both replies and reply to each 150 wordsThe replies should be in APA format related to headings, citations, and reference list. Your replies should be supported by references to at least 2 sources, which may include professional, scholarly, or trade publications, or the course textbook or Bible.
READ & REPLY
Read 1Financial statement analysis is defined as, “the process of analyzing a company’s financial statements for decision-making purposes” (Kenton, 2020). Financial statement analysis is important for business to be able to look through their financial statements and be able to make decisions based on what they find for the future of the business. Financial statement analysis is important because, ” they are essential to monitoring a company’s performance over time, as well as understanding how a company is progressing toward key strategic initiatives” (Stobierski, 2019). Because of the importance of financial statement analysis, it is important to study it and learn more ways to use it to help the business. “Users of financial information encompass a wide range of interests and have unique objectives in analyzing financial statements” (Tierra, 2013). Investors and creditors use information from financial statements to make decisions about businesses. They analyze the information to make the best decision. “informed financial statement analysis begins with knowledge of the company and its industry” (Revsine et al, 2021, pg. 6-23). The more information that is presented the more informed decisions that can be made from the information. There are many speed bumps that can come into play for analysts. “The raw data that is needed for a complete and faithful picture do not always reach the financial reports because the information is filtered by generally accepted accounting principles (GAAP) and by management’s accounting discretion” (Revsine et al, 2021, pg. 6-2). When accountants review the financial statements it is important to look for these flaws. You can look for these mistakes and learn from them in the financial reports. The bible states, “The point is this: whoever sows sparingly will also reap sparingly, and whoever sows bountifully will also reap bountifully. Each one must give as he has decided in his heart, not reluctantly or under compulsion, for God loves a cheerful giver. and God is able to make all grace abound you, so that having all sufficiency in all things at all times, you may abound in every good work” ( 2 Corinthians 9:6-8, ESV). Financial statement analysis is important for the well being of a business to grow and prosper which is what God wants us to do.
Kenton, W. (2020). Financial Statement Analysis.https://www.investopedia.com/terms/f/financial-statement-analysis.asp
Stobierski, T. (2019). Financial statement analysis: the basics for non accountants. https://online.hbs.edu/blog/post/financial-statement-analysis
Tierra, J. (2003). Financial Statement analysis. Strategy- Canadian Medical Association, 15(2), 14-15. https://search-proquest-com.ezproxy.liberty.edu/central/docview/214347645/CD173B90AF5F46DCPQ/23?accountid=12085
Revsine, L. (2021). Financial reporting and analysis. (8th ed). McGraw- Hill Education
Read 2
Financial Statement Analysis
COLLAPSE
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· What is financial statement analysis?
According to an article I recently read, on Investopedia, it states that financial statement analysis is, “the process of analyzing a company’s financial statements for decision-making purposes. External stakeholders use it to understand the overall health of an organization as well as to evaluate financial performance and business value.”(Kenton 2020) Therefore making it crucial for organizations to properly examine their financial statements because there next move could be determined through the data presented to them by their financial statements.
· Why is financial statement analysis an important area of study?
Financial statement analysis is an important area of study because the financial statements record important information that can be crucial in order for an organization to succeed. Studying and understanding the financial statements can benefit a company in many ways especially in managing the company’s finances and elevating business performance. Just like it states in our reading, a company’s financial statements can be used for various purposes such as an analytical tool, a management report card, an early warning signal, a basis for prediction, and as a measure of accountability.( Revsine 2021) Financial statements also contain information that is crucial to investors. This information can determine the health of a company and can alter an investors decision.
· What is learned from the process of financial statement analysis?
The most important lesson learned from the process of financial statement analysis is that the organization is able to track and analyze its own performance throughout a certain period of time. As an investor the process financial statement analysis can determine whether an investor will to contribute to the organization.
· Discuss the Biblical implications of reliable and representationally faithful financial statements.
A financial statement can represent a certain degree of representation of a company throughout a certain amount of time. As human beings and followers of Christ we need to be more aware of what we represent because just like an organization people get invested into our lives and we need build each other up. Especially nowadays we should invest in eachother and spread positivity. Just like it states in Mathew 5:16, “Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven.” (KJV) we need to represent the word of God in a positive way and thus would cause other to invest in the Lord as well.
References:
Bible Gateway passage: Matthew 5:16 – King James Version. (n.d.). Retrieved from https://www.biblegateway.com/passage/?search=Matthew 5:16&version=KJV
Kenton, W. (2020, September 24). Financial Statement Analysis. Retrieved from https://www.investopedia.com/terms/f/financial-statement-analysis.asp#:~:text=Financial statement analysis is the,financial performance and business value.
REVSINE, L. (2021). FINANCIAL REPORTING AND ANALYSIS. S.l.: MCGRAW HILL.
Bottom of Form
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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