Financial Statements

This course teaches listeners the purpose of the three major numeric statements that describe a company's financial condition. Each statement paints a different and essential picture - the "three-legged stool" of company reporting: The income statement shows the selling and cost actions of the company that result in profit or loss during a period.  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, including the shareholders' equity.