Financial Statements Made Easy

Course Overview

This course is for entrepreneurs who need abasic understanding of financial statements and who don’t have a lot of time.

It consists of 12 very short videos (most under 3 minutes) that cover:

• the income statement,
• the balance sheet,
• the statement of cash flows, and
• how they connect.

If you need to create a business plan or if you want to manage your business more effectively then you need to understand financial statements. This course is for you. Start here ?

Lessons

Introduction
Course Overview

Income Statement
Introduction and Sales, Profit, Loss
Cost of Goods Sold, Gross Profit, Expenses
EBITDA, Net Income

Balance Sheet
Assets, Liabilities, Owner’s Equity
Current Assets, Long-Term Assets, Total Assets
Current Liabilities, Long-Term Liabilities, Total Liabilities
Owner’s Equity

Statement of Cash Flows
Why Is The Statement of Cash Flows Required?
How Accounts Receivable Affects the Statement of Cash Flows
Net Cash from Operations, Investments and Financing

Integrating the Three Financial Statements
How the Three Financial Statements Fit Together