Financial Statements

Balance Sheet, Income Statement and Cash Flow

If you are not familiar with the three main financial statements (Balance Sheet, Income Statement or P&L, and Cash Flow Statement), we encourage you to take a look at these 3 videos below.

Don't worry if you don't have a financial background and you're still confused after the videos. The simulation will help you understand all of it.

Balance Sheet

A statement of the assets, liabilities, and equity of an organization at a particular point in time.

P&L

The profit and loss statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period.

Cash flow

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Page updated

Google Sites

Report abuse