This course teaches viewers the purpose of the three major numeric statements that describe a company's financial condition. Each statement paints a different and essential picture of company reporting: The income statement shows the selling and cost actions of the company. The cash flow statement details cash into and out of the company for a period. The balance sheet records what the company owns and what it owes.
This Learning Path provides the knowledge necessary to understand the three basic financial statements and how they come together to form the budget of a business. This course also teaches how to use these statements to assess the business's financial health.
Each video provides the knowledge needed to acquire an understanding of the three fundamental financial statements of a business.