Join Rudolph Rosenberg for an in-depth discussion in this video Combining financial documents, part of Financial Literacy: Reading Financial Reports.
- [Voiceover] In the previous chapters,…we have learned about each of the financial documents…that make up a financial statement.…As you have seen, a single transaction or business event…will be reflected in more than one document…and maybe in all of them.…Whether you consider the Balance Sheet,…the Income Statement, or the Cash Flow Statement…each of those documents provide a unique angle…on the financials of the company,…with its unique benefits and limitations.…Take the Balance Sheet for example.…Its unique angle is to show you…what the company owns, owes,…and the accounting value of the company.…
I'm saying accounting value because one of its limitations…is that the value of the equity of the company…does not take well into consideration elements such as…the future potential of the company.…It does not take into good consideration…either the competitive edge it has,…thanks to a unique technology for example,…or the strength of its customer base.…The Balance Sheet looks at assets, cash, debt,…but a growing number of companies…
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- What is a financial statement?
- Reading the balance sheet
- Understanding depreciation, liabilities, and equity
- Reading the income statement
- Understanding revenue, costs, profitability, and net income
- How cash flow works
- Analyzing financial documents with context<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
Skill Level Appropriate for all
1. Financial Statements
2. The Balance Sheet
3. The Income Statement
4. The Cash Flow Statement
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