• Describe the four basic financial statementsincome statement, statement of stockholders' equity, statement of financial position (also known as a balance sheet), and statement of cash flowsand the purpose of each.
• Compare the concepts of strategic planning, budgeting, and forecasting for an organization. Specifically:
  • Describe each concept and the ways they are interrelated, as well as their differences.
  • Analyze the role that each concept plays within an organization. In your analysis, be sure to include how strategic planning, budgeting, and forecasting are used to improve organizational performance.