Your friend, Tom Smith is the owner president of a consulting company. He recently completed his third year of business and received the annual financial statements from his accountants. He finds the income statement and balance sheet informative, but does not understand the statement of cash flows. He said the section of operating activities is really confusing. He says this first section consists of a lot of additions and subtractions which did not make any sense.

Write memo to Tom including the following:

• Explaining the purpose of the statement of cash flows.
• Explaining the form and content of the statement of cash flows.
• The advantages and disadvantages of the direct and indirect methods of preparing this financial statement.
• Which method is preferred by the FASB?
• Which method is more popular to use?

In your own words, please post a response to the Discussion Board and comment on at least two other postings. You will be graded on the quality of your postings.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Course Materials

Digital technology seems ubiquitous, touching nearly every aspect of our personal and professional lives. Its rapid evolution continues to significantly affect how people live and work, and how they communicate with one another, within increasingly diverse, complex social networks. And the information lifecycle today moves much faster than it did 30, 20, even 10 years ago. Just as we adopt a new device or learn a new piece of software, the next best and greatest innovation comes along that renders our new tool or toy obsolete.

By Day 3

Post your insights about how information and information technology have changed your daily life, both professionally and personally. Focus on the technologies that have helped you increase your effectiveness at work and in business, and how you might apply these technologies as a business manager.

General Guidance: Your initial Shared Practice Discussion post, due by Day 3, will typically be 2–3 paragraphs in length as a general expectation/estimate. Refer to the rubric for the Week 1 Shared Practice Discussion for grading elements and criteria. Your Instructor will use the rubric to assess your work.

Assignment 5: Integrated Business Communication. Write a three to four (3 4) page paper that addresses the following:

• As a future executive, explain what you think are the most important communication issues you will have to face as you embark upon your career.
• Discuss whether communication will become more complex, or less complex, and why.
• Address what role technology will play in the communication of thoughts and ideas. 
• Discuss how the information gap between generations, cultures, income levels, and education can be resolved. 
• Include a statement of your personal philosophy on the future of integrated business communication.

The format of the paper is to be as follows:

• Typed, double spaced, Times New Roman font (size 12), one inch margins on all sides, APA format, a Microsoft Word document.
• Use headers for each of the subjects being covered, followed by your response.
• In addition to the three to four (3 4) pages required, a title page is to be included. The title page is to contain the title of the assignment, your name, the instructor’s name, the course title, and the date.

  Note: You will be graded on the quality of your answers, the logic/organization of the report, your language skills, and your writing skills.