Basic Accounting: Financial Statements

1h 12m (7 Sections)
Accounting and Finance
icon-core V2 Created with Sketch. Core

What you’ll learn

  • How to quantify business activities
  • What the income statement, balance sheet, and cash flow statement are, as well as how to read them
  • The importance of working capital

Description

Have you ever wanted to compare how your company is performing against its competitors? Or asses the financial situation of a client? Or determine if a new management strategy is translating to profits?

All of a company’s business activities appear as numbers on three important financial statements: the income statement, the balance sheet, and the cash flow statement. This course will walk you through all three. By the time you’re through, you’ll understand the universal business language of basic accounting.

Section 1: Defining business activities

Section 2: Quantifying business activities

Section 3: The income statement

Section 4: Accounting rules for the income statement

Section 5: The balance sheet

Section 6: The cash flow statement

Section 7: Working capital

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