Introduction
The power of financial statements
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1. The Basics of Financial Statement Preparation
What stories do financial statements tell?
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The role of the accounting cycle
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Understanding year-end close
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Finding financial statements for publicly traded companies
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Challenge: Finding financial statements
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Solution: Finding financial statements
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2. The Basics of Income Statement Preparation
Recognizing revenue and understanding the revenue recognition principle
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Recording expenses using the matching principle
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Challenge: Working with the income statement
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Solution: Working with the income statement
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3. The Basics of Balance Sheet Preparation
The accounting equation and the assets section of the balance sheet
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The accounting equation and the liabilities section of the balance sheet
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The accounting equation and the equity section of the balance sheet
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Challenge: Working with the balance sheet
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Solution: Working with the balance sheet
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4. The Basics of Statement of Cash Flow Preparation
The impact of operating activities on the cash flow statement
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The impact of investing activities on the cash flow statement
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The impact of financing activities on the cash flow statement
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Challenge: Working with the statement of cash flow
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Solution: Working with the statement of cash flow
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5. The Basics of Statement of Stockholders' Equity Preparation
Understanding the statement of stockholder's equity
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Challenge: Working with the statement of stockholders' equity
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Solution: Working with the statement of stockholders' equity
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Conclusion
Your next steps in creating financial statements
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Glossary_Corporate_Financial_Statement_Creation.zip
(90 KB)