Assignment 2 Draft

Introduction

After reading chapter 4 for accounting it had me thinking, all these concepts were pretty knew to me, because I’ve had no background knowledge on accounting at all. The aim of this chapter is to understand finical statements and to analyze and to determine how good the firm is going and to look into the future.

In my view by understanding the finical statements you are able to determine the past and current, and also the performance of the company.

What I find confusing

When I had started to read the chapter it felt like I was reading a lot of information at once. This chapter was quite big and also hard to remember all of this, there was so much to learn in this chapter.  But the main thing that I found confusing is free cash flow, at first when I was reading this paragraph everything about it had looked difficult and hard to understand. But as I read the information again I had slowly gained a lot more knowledge about Free Cash Flow (FCF).  I also didn’t know Free Cash flow was a measure of transfer of value this to me was fairly new and difficult to understand. But as I was reading on it was getting a little easier to understand.

What I find surprising or hard to believe

What I find boring

This chapter personally was pretty boring and had felt like I was reading the chapter over and over again, there was so much information to take in and understand.

What I find exciting