Introduction
Why you need to understand financial statements
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1. An Overview of Financial Statements
What are financial statements?
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Cash vs. accrual
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GAAP vs. IFRS
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2. The Profit and Loss
What is the profit and loss?
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Conventional vs. functional classification for profit and loss
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Revenue
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Cost of goods sold
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Operating expenses
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Other income and other expenses
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Gross profit and gross margin
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Net operating income
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Net other income
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Net income before tax and after tax
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3. The Balance Sheet
What is a balance sheet?
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Assets
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Current assets
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Long term assets
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Liabilities
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Current liablities
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Long term liabilities
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Owners equity
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4. The Statement of Cash Flows
What is the statement of cash flows?
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Direct cash flows vs. indirect cash flows
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The three sections of the statement of cash flows
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Conclusion
How the financial statements connect together
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Take your career to the next level with these other areas
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Glossary_Guide_to_Understanding_Financial_Statements.zip
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