Financial Concepts

Prior to beginning work on this assignment, watch the video Introduction to Financial Statements (Links to an external site.) . This video covers an overview of the four financial statements. Create an assignment focused on level of comfort with three important financial statements: The income and expense report The balance sheet Download balance sheet The statement of cash flows The reflective evaluation is the foundation for creating a plan to increase knowledge of these three statements. Do the following: Consider and reflect on knowledge gained in the work environment. Consider and reflect on knowledge gained in prior classes. Execute the Chapter 8 Mini Sim on accounting and accounting information through the link, MyLab Entrepreneurship All Assignments. Click on “Week 4 – Assignment” to complete the Chapter 8 Mini Sim in MyLab. In your paper, Evaluate your level of comfort with the three foundation financial statements:The income and expense report The balance sheet The statement of cash flows