Explain your understanding of the four basic financial statements and how are they useful to the end users.

1..Explain your understanding of the four basic financial statements and how are they useful to the end users.

To receive full credit for this discussion:

· Begin contributing to the discussions no later than midnight of the first  Saturday after a Lesson opens.

· Your original post should be a minimum of  150 words.

· Read and evaluate at least two of your peer’s postings and compose substantial in-depth responses for both.

· Include examples in your discussion.

· Use APA guidelines to cite references.

· Correct grammar and spelling are required.

· For full credit you MUST have at least two citations

2.. Explain your understanding of source documents

To receive full credit for this discussion:

· Begin contributing to the discussions no later than midnight of the first  Saturday after a Lesson opens.

· Your original post should be a minimum of  150 words.

· Read and evaluate at least two of your peer’s postings and compose substantial in-depth responses for both.

· Include examples in your discussion.

· Use APA guidelines to cite references.

· Correct grammar and spelling are required.

· for full credit you MUST have two citations

3.. Explain your understanding of why closing of the fiscal year is necessary

To receive full credit for this discussion:

· Begin contributing to the discussions no later than midnight of the first  Saturday after a Lesson opens.

· Your original post should be a minimum of  150 words.

· Read and evaluate at least two of your peer’s postings and compose substantial in-depth responses for both.

· Include examples in your discussion.

· Use APA guidelines to cite references.

· Correct grammar and spelling are required.

· For full credit you MUST have at least two citations

4..Explain your understanding of accounts payable as it relates to vendors

To receive full credit for this discussion:

· Begin contributing to the discussions no later than midnight of the first  Saturday after a Lesson opens.

· Your original post should be a minimum of  150 words.

· Read and evaluate at least two of your peer’s postings and compose substantial in-depth responses for both.

· Include examples in your discussion.

· Use APA guidelines to cite references.

· Correct grammar and spelling are required.

· For full credit you MUST have at least two citations