The Relationships Among Financial Statements PREMIUM
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Learning SummaryDescription:
This module discusses the relationships among the balance sheet, the income statement, and the statement of cash flows. It reviews the nature and purpose of the statement of cash flows and the income statement. It shows how net income is transferred to the balance sheet at period-end and illustrates how the statement of cash flows reconciles to the income statement and the balance sheet.
Prerequisites:
Understanding Financial Statements, Accrual Accounting, The Balance Sheet, The Income Statement, The Statement of Cash Flows
Who should complete this module:
Managers, supervisors, entrepreneurs, and professionals in any discipline who would like to understand the relationships among financial statements; educators and students in business and accounting.
Learning Objectives:
In this module you will learn to:
1. Recall the nature and purpose of the cash flow statement and the income statement
2. Understand the relationships among the balance sheet, the income statement, and the statement of cash flows
3. Illustrate how the statement of cash flows reconciles to the income statement and the balance sheet.
1. Recall the nature and purpose of the cash flow statement and the income statement
2. Understand the relationships among the balance sheet, the income statement, and the statement of cash flows
3. Illustrate how the statement of cash flows reconciles to the income statement and the balance sheet.
Competencies Acquired:
Understand the relationships among financial statements, and how they complement one another.
Program Level:
Intermediate
Duration of Video:
3:05
CPE Credit:
0.50
Delivery Method:
Self study
Field of Study:
Accounting
Additional Info:
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Last Revision Date:
7 Feb 2019
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