Week 6: Financial Statements Used in Accounting (continued)
While this course is self-directed, it is important that you work on course assignments regularly to keep from falling behind and leaving the majority of the coursework until the end of the term. The Interactive Unit(s) that pertain to this week are, Unit 3: Financial Statements Used in Accounting. You also participate in a Discussion related to your thoughts on the notes to financial statements and the auditor’s report. Lastly, you will complete your final exam.
Learning Resources
Required Readings
Interactive Units
Discussion: Uses of the Notes to the Financial Statements and the Auditor’s Report
The auditor’s report is a vital component in the reporting of financial information to third-party users. For instance, businesses can utilize an auditor’s report to attract investors, obtain loans, or improve public appearance.
To complete this Discussion:
Think about the following:
- The purpose and functions of the notes to the financial statements
- The auditor’s report, which are both in the annual report
What significant information is included in the auditor’s report? What crucial information to completely understanding the financial statements could be included in the notes to the financial statements?
By Day 7 of Week 5
Post a response that expresses your thoughts on:
- The uses of the notes to the financial statements
- The significant information found in the auditor’s report
The length of your response(s) must be a minimum of 150 words.
By Day 5 of Week 6
Post one response to a classmate’s post or to an Instructor follow-up post. As you write your response, consider doing the following:
- Ask a probing question based on something your classmate said.
- Share an insight from having read the posting.
- Offer and support an opinion.
- Validate an idea with your own experience.
- Make a suggestion.
- Expand on your classmate’s posting.
Your response post must be a minimum of 150 words.
Submission and Grading Information
Grading Criteria
To access your rubric:Week 5-6 Discussion Rubric
Post by Day 7 of Week 5 and Respond by Day 5 of Week 6
To participate in this Discussion:Week 5-6 Discussion
Final Exam
This exam will assess your understanding of the concepts you learned in Interactive Unit 3 of this course.
Good luck on your Exam!
Submission and Grading Information
Submit Your Exam
To submit your Exam:Final Exam – Week 6
Week in Review
This week, you continued completing Interactive Units.
Congratulations! After you have finished all of the assignments for this module, you have completed the course. Please submit your Course Evaluation by Day 7.
