OverviewThere are two summative assessments for this course. For your first assessment, you will be objectively assessed by your completion of a series ofMyAccountingLab homework assignments throughout the course. These will measure your understanding of how to communicate the financial performance ofcompanies and how to prepare basic financial statements.For your final project, you will complete a financial analysis of a particular company’s financial statements. You will assume the role of an analyst in a fictionalcompany that is looking to glean what it can from the methods and business decisions used at this company. In determining the overall financial health of thecompany, you will demonstrate an understanding of both the financial calculations that go into financial statements as well as the meaning behind the numbers.Basic accounting skills and knowledge are critical to effective management in today’s business environment. Future business leaders need an understanding ofthe process and rules related to creating financial accounting statements and the meanings behind their individual components in order to make informedbusiness decisions. To demonstrate these skills, you will need to analyze this accounting information in terms of a company’s performance and financial healthwithin its industry. This will ultimately help develop your skills as a business leader who is better prepared to manage effectively and make informedmanagement decisions.