Deliverable Length: 2-3 pages. OBJECTIVES You will create this assignment following the Assignment Detail instructions below. This assignment will be submitted in the Unit 1 - Submission Assignment 1

Deliverable Length: 

2-3 pages.

OBJECTIVES

You will create this assignment following the Assignment Detail instructions below. This assignment will be submitted in the Unit 1 - Submission Assignment 1 lesson in intellipath.Review the tutorial titled How to Submit the Intellipath Submission Assignment.Please submit your work to this week’s Intellipath Unit Submission lesson. Click the Upload button within the submission lesson to access the submission area. Click the Select File button to upload your document, and then click "OK" to finish. Assignment Details

Financial statements are the primary means of communicating financial information to users. It is important to have a firm understanding of the income statement, balance sheet, and statement of cash flows. Managers will make decisions daily that will have an effect on the elements of the accounting equation: Assets = Liabilities + Owners’ Equity. Managerial accounting reports use these same financial statements but also incorporate non-financial information that will assist internal users in making strategic and tactical decisions. For this reason, it is important for you to understand how decisions will affect the accounting equation.