Journal – Understanding the Differences Between Cash Flow Statements, Balance Sheet and the Income Statement

Journal – Understanding the Differences Between Cash Flow Statements, Balance Sheet and the Income Statement

Students will journal on understanding differences between (a) the cash flow statement, (b) the balance sheet and (c) the income statement? Discuss and present an argument why the cash flow statement is important to business? Does the same hold true for investors, government, and individuals?

The purpose of this journal is to begin demonstrating synthesis of learning and to discuss the crucial information contained in the cash flow statement, the balance sheet, and income statement, and why this information is vital for investors, shareholders, depositors, government, regulators, and bank managers.