Join Rudolph Rosenberg for an in-depth discussion in this video What is the source information of financial statements?, part of Financial Literacy: Reading Financial Reports.
- [Voiceover] Financial statements are documents…that summarize all the activities of the company…that have a financial impact,…and even small ones.…The source information of financial statements…is the accumulation of all the day-to-day transactions…of the company.…A transaction is a business event,…such as selling products, paying salaries,…repaying loans, and of the more infrequent…and significant transactions,…such as buying an expensive piece of machinery,…buying property, or acquiring a company.…All those transactions materialize into invoices,…paychecks, loan repayments, and so on.…
All the transactions form the accounting journal.…This journal is the list of all the transactions…that occurred over a given period of time.…You could therefore have a journal for January,…for February, for March, and so on.…You can have a journal for the full year as well,…which would seem to be the aggregation…of the monthly journals,…then those transactions are categorized…based on their nature and the type of money they represent,…
Lynda.com is a PMI Registered Education Provider. This course qualifies for professional development units (PDUs). To view the activity and PDU details for this course, click here.
The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
- 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
- Mark as unwatched
- Mark all as unwatched
Are you sure you want to mark all the videos in this course as unwatched?
This will not affect your course history, your reports, or your certificates of completion for this course.Cancel
Take notes with your new membership!
Type in the entry box, then click Enter to save your note.
1:30Press on any video thumbnail to jump immediately to the timecode shown.
Notes are saved with you account but can also be exported as plain text, MS Word, PDF, Google Doc, or Evernote.