Week 10 Reading Reflection

1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations? 
     There actually wasn't anything in particular that stood out to me. I have already taken the financial accounting course required for business majors and found that this chapter was simply a basic review of the first part of that course, explaining the different financial statements, how to put them together and the purpose that each of them serve.

2) Identify at least one part of the reading that was confusing to you.

     Like I mentioned in the first question, this chapter was just a very basic review of financial accounting so it is all material that I have seen before, making it all very clear. Thankfully there wasn't anything that confused me. 

3) If you were able to ask two questions to the author, what would you ask? Why?

- When determining whether or not a company would be a safe investment, is there one particular financial statement that a person should pay attention to? Or should they really be looking at all four of them?

- In the event that a company wants to present itself as a profitable company to attract investors, they would lower the amount of things that are "Expensed" and count more towards revenues. They would do the opposite if they want to save money on taxes. How reliable is the income statement in terms of accuracy and showing the true picture

4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?

I agree with everything that was said in the reading. It was very objective, limiting how open it was to interpretation. He stated many facts, but did not offer opinions or subjective ideas.