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Finanical Statements
Cash is King!
Cash is King! Cash is the lifeblood of a company and therefore it is important to understand how cash was generated and used by a company. The cash flow statement provides that information and is the last of the three basic financial statements that I am discussing.
The cash flow statement looks [...]
Income Statement
The income statement is also known as a Profit & Loss or “P & L” statement. It shows the operating & non-operating revenues & expenses for a company over a period of time, as well as the net income or loss during that time period. It shows the profitability of a company not [...]
Balance Sheet = Financial snapshot
Last week I briefly explained the three core financial statements. This week I’ll go into more detail about the importance of a company’s balance sheet. A balance sheet shows a snapshot of what a company owns and owes at a point in time. It provides information about a company’s assets, liabilities and [...]
Introduction to Finanical Statements
Over the next few blog posts I will provide an explanation of 3 basic financial statements. Each statement has a unique purpose and with a little education and guidance you can learn to read the financial statements. In this blog post I will provide a brief overview of the 3 statements. Then [...]