FIN 320 SNHU W2 Facebook Inc Financial Statements & Cash Flow Management Journal

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Writing

FIN 320

Southern New Hampshire University

FIN

Description

I only need journal submission should be a 3- to 4-paragraph Word document with 12-point Times New Roman font, double spacing, and one-inch margins. Any sources should be cited according to APA style. You will also need to submit the Excel files for your chosen business’s balance sheet, income statement, and cash flow statement from Mergent Online.

Overview

In Project Two, you will analyze and evaluate a business’s financial health and recommend the best financing options for the business to choose in order to improve its current financial health. Use the Project Two Business Options List to choose the business that you will examine in Project Two. Then, use Mergent Online to locate the most recent quarterly financial statements for the business: the balance sheet, the income statement, and the cash flow statement.

In order to succeed in your Project Two assignment, you will need to understand the role of financial statements and how they help businesses determine their current financial health. You will also need to describe why cash flow management is important to a business and that business’s financial health.

Prompt

Write a brief journal introducing the business you chose for your Project Two assignment.

Specifically, you must address the following rubric criteria:

  • Business Selection: Provide a description of the business you chose, including the business name and what it offers consumers.
  • Financial Statements: Using Mergent Online, provide a copy of the balance sheet, the income statement, and the cash flow statement for your chosen business from the most recent fiscal quarter.
  • Financial Statement Role: Explain why financial statements are important to a business and how they help businesses determine their current financial health.
  • Cash Flow Management: Describe why cash flow management is important to a business and its financial health. Use a recent financial news story as an example to support your claims.

Guidelines for Submission

Your journal submission should be a 3- to 4-paragraph Word document with 12-point Times New Roman font, double spacing, and one-inch margins. Any sources should be cited according to APA style. You will also need to submit the Excel files for your chosen business’s balance sheet, income statement, and cash flow statement from Mergent Online.

Module Two Journal Rubric

CriteriaProficient (100%)Needs Improvement (70%)Not Complete (0%)Value
Business SelectionProvides a description of the business chosen, including the business name and what the business offers consumersShows progress toward proficiency, but with errors or omissions; areas for improvement may include providing a more complete description of the business chosen, such as the business name or what it offers consumersDoes not attempt criterion15
Financial StatementsProvides a copy of the balance sheet, the income statement, and the cash flow statement for the chosen business from the most recent fiscal quarterShows progress toward proficiency, but with errors or omissions; areas for improvement may include providing a copy of all three required financial statements for the chosen business from the most recent fiscal quarterDoes not attempt criterion15
Financial Statement RoleExplains why financial statements are important to a business and how they help businesses determine their current financial healthShows progress toward proficiency, but with errors or omissions; areas for improvement may include explaining in further detail why financial statements are important to a business and how they help businesses determine their current financial healthDoes not attempt criterion25
Cash Flow ManagementDescribes why cash flow management is important to a business and its financial health, using a recent financial news story to support the claimsShows progress toward proficiency, but with errors or omissions; areas for improvement may include a more complete description of why cash flow management is important to a business and its financial health or using a recent financial news story to better support the claimsDoes not attempt criterion25
Articulation of ResponseClearly conveys meaning with correct grammar, sentence structure, and spelling, demonstrating an understanding of audience and purposeShows progress toward proficiency, but with errors in grammar, sentence structure, and spelling, negatively impacting readabilitySubmission has critical errors in grammar, sentence structure, and spelling, preventing understanding of ideas20
Total: 100%

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Explanation & Answer

View attached explanation and answer. Let me know if you have any questions.

1
Financial Statements

Student’s Name

Institution

Date

FINANCIAL STATEMENTS
2
Introduction
Facebook, Inc. is a social networking corporation with a global presence. The
company creates social media applications that allow individuals to communicate via
mobile devices, personal computers, and other platforms. It allows users to share their
thoughts, ideas, images, videos, and other activities with others over the internet.
Financial Statements
Financial statements are essential because provide useful information about the
company's expenses, revenue, profitability, debt load, and ability to meet its long-term
and short-term financial obligations. Financial statements provide crucial information
concerning the company's financial performance (Chandra & Wijaya, 2021).
Financial statements assist businesses in making informed decisions by highlighting
which sections of the business generate the best return on investment. It's also critical
that businesses produce financial statements at least once a year. Financial statements
of a corporation contain financial data that analysts, investors, and creditors, and can
use to assess or evaluate the business’ financial performance.
Cash flow Management
Cash flow management is a delicate topic in the business world. The cash flow
of a firm is linked to its operations or commercial activities, financing decisions, and
financing activities. The cash generated by a company's operations is linked to its
primary business activities and gives the finest cash flow management opportunities.
The cash flow report is crucial since it tells the reader about the financial situation of
the company (Chandra & Wijaya, 2021). To be successful, a company must have
enough cash on hand at all times. It requires funds to cover bills, repay bank debts,
pay taxes, and acquire new assets. A cash flow report assesses whether or not a
company has adequate cash to do so. An example of a company that is struggling due

FINANCIAL STATEMENTS
3
to poor cash flow management is Luckin Coffee (Biedron, 2021). The Chinese firm is
battling to regain investor confidence. After it was determined that previous
management had produced millions of dollars in fraudulent income, the stock was
suspended from the US exchanges in June 2020.

FINANCIAL STATEMENTS
4
References
Biedron, R. (2021). Famous Accounting Scandals In Corporate Finance |
PLANERGY

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