Understanding how to read the story that financial statements tell is a really useful skill and an important part of career development. In this course, we’ll give a basic overview of the 3 main financial statements: the Profit and Loss Statement, the Balance Sheet, and the Cash Flow Statement. We’ll teach what they show you, why it matters, and give you a bunch of practice problems to help retain that knowledge. After completing this course, you will be able to read, understand, and use financial statements and build on that knowledge as you continue to learn about them.
What you'll learn
- Overviews of the Profit and Loss, Cash Flow, and Balance Sheet financial statements
- What the most common line items on these statements mean and how they are used
- The difference between profit and cash