Week 10 Reading Reflection

Questions

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?

This chapter is pretty standard for understanding the basic financial statements and metrics.  Therefore, nothing really was a surprise.  I just found the organization of information to be very useful so it stood out but this is a common theme throughout this excellent text.

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

As stated above, the information presented was of a foundational nature so nothing was really confusing.

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

What is the optimal approach for preparing budgets for small versus large businesses?

What ratios are best or most useful for service or professional businesses?

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

I don’t disagree with anything in this chapter.