Preparing for the Assignment:
As head of your department, you are responsible for disseminating information to your staff. You have decided to create an infographic handout about the 3 types of business organizations to help them learn about the 3 types of business organizations, understand the key users roles, and recognize how the different types of business organizations utilize financial information in the day-to-day business operations.
Use the information from Ch. 1, Introduction to Financial Statements, of Accounting to create an infographic in which you:
Describe the following 3 types of business organizations: sole proprietorships, partnerships, and corporations.
Describe 1 advantage and disadvantage for each of the 3 types of business organizations.
Describe the key users (i.e., sole proprietor, partnership, board of directors, CEO, COO, CFO, managers, etc.) of financial information.
Explain the types of day-to-day business decisions made by using financial statements.
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