Description

In this course, you will learn

• Explain the format of the income statement and balance sheet
• Define various financial statement terms (e.g. accounts receivable, prepayments, etc.)
• Record financial statement transactions (e.g. invoicing, raising equity, buying inventory, etc.)
• Prepare a simple income statement and balance sheet
• Outline the format of the cash flow statement
• Explain the difference between profit and cash
• Prepare a simple cash flow statement using the balance sheet and income statement