Essay Assignment: Chapter 2 Introduction to Financial Statement Analysis
Chapter 2 is one of the longest and most dense chapters in our textbook. The concepts that are introduced assist us in making financial decision based on a company’s financial statements and reports. As you are likely aware, there is a very close relationship between finance and accounting, and in order to understand finance, it is critically important to comprehend basic accounting terminology and procedures. Please write a 1 page essay, double spaced, no less than 450 words, explaining the close relationship between accounting and finance. This essay should use accounting terminology, new terms we learn in Chapter 2, as well as examples of the importance of understanding accounting in a finance setting.