Accounting for Modelers · Statements
The three financial statements
Every company tells its story in three reports: the income statement (did we make money?), the balance sheet (what do we own and owe?), and the cash flow statement (where did the cash actually go?).
Step 1 of 7 · Overview30 min read ·
Key idea
Prereqs: none, start here. Next: Linking the statements. Follows MIT 15.501 / Khan accounting order; book: *Accounting Made Simple* (Piper).Next: 1. The income statement: performance over a period