Financial Statements
Balance Sheet, Income Statement and Cash Flow
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
Balance Sheet
A statement of the assets, liabilities, and equity of an organization at a particular point in time.
P&L
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
Cash flow
The total amount of money being transferred into and out of a business, especially as affecting liquidity.