A company’s financial statements consist of the balance sheet, income statement, and statement of cash flows. Choose the financial statement that you consider most important to a business leader in Saudi Arabia.
Search the SEU library or the internet for an academic or industry-related article. Select an article that relates to your financial statement choice and why you believe it is the most important for business leaders and investors in Saudi Arabia.
For your discussion post, your first step is to summarize the article in two paragraphs describing what you think are the most important points made by the authors (remember to cite the information, as appropriate). For the second step, include the reference listing with a hyperlink to the article. Please note, do not copy the article into your post and limit your summary to two paragraphs. Let me know if you have any questions. Enjoy your search.
Be sure to support your statements with logic and argument, citing all sources referenced. Post your initial response early, and check back often to continue the discussion. Be sure to respond to your peers’ posts as well.
- Chapter 3 in Foundations of Finance: The Logic and Practice of Financial Management (Attached)
- IFRS. (2017). IFRS application around the world: Jurisdictional profile: Saudi Arabia. Retrieved from https://www.ifrs.org/use-around-the-world/use-of-ifrs-standards-by-jurisdiction/saudi-arabia/#participant
- Ward, C. L., & Lowe, S. K. (2017). Cultural impact of international financial reporting standards on the comparability of financial statements. International Journal of Business, Accounting, & Finance, 11(1), 46-56.
- KPMG. (2014). IFRS compared to US GAAP: An overview. Retrieved from https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2017/12/ifrs-us-gaap-2017.pdf