Topic A:

In your Accounting What the Numbers Mean text, see the Appendix for Campbell Soup Company selected portions of its Annual Report for the year 2020. What were Total Assets? What were Total Liabilities? What was its Book Value? (How did this compare with its Market Value? And why would there be a difference?) What was Net Income? How many shares of common stock were outstanding? What was the difference between Net Income and Cash Flows from Operations?

As an investor, how would you rank the four financial statements in order of importance?

Topic B:

Whats the purpose of a business?

If you believe, like I do, that each of us (i.e. our households) are a business, how and when should performance be measured?

As relates to personal information value, compare and contrast your balance sheet and your resume. Which provides more value to an interested party?

Is internal control relevant to you (your household), as a business? What internal controls do you employ?

Topic C:

How important is management to the performance of a business?

How important is accounting to the performance of a business?