Three core financial statements

Corporations use three financial statements to report what's going on: balance sheets, cash flow statements and income statements. They can be derived from each other and each give a valuable lens on the operations and condition of a business. After you know the basics of accrual accounting (available in another tutorial), this tutorial will give you tools you need to responsibly understand any bu

Balance sheet and income statement relationship

Interpreting the Balance Sheet

Interpreting the Income Statement

Basic cash flow statement

Doing the example with accounts payable growing

Fair value accounting