Assignment 1: Setting up a Financial Statement

As a nonaccounting manager, you will examine your company’s financial statements as well as the financial statements of other companies. You must be able to recognize differences in these statements and have a general understanding of the various accounts listed on each statement.

In this assignment, you will determine the nature of various financial statement accounts, using the example of Compnet International.

Part II: Summary

After completing the computations on each of the three financial statements, provide a 1-page summary of the trends that you have observed. Describe the material trends by the category of accounts. Did that category of account increase, decrease, and if so by what amount and percentage. Remember to only discuss the major or material trends that you have observed.

Submission Details:

.