Write a three to five (3-5) page reflection paper in which you:

Explain the importance of each step in the accounting cycle.

Describe the purpose of financial statements (i.e. income statement, statement of owners equity, and balance sheet).

Discuss how the financial statements would be useful to decision makers.

Your written paper must follow these formatting requirements:

Be typed

Double spaced

Use Times New Roman font (size 12)

One-inch margins on all sides

Citations and references must follow APA format