The Ultimate Guide to Financial Statements

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In this video we’re doing a deep dive into Financial Statements. Financial Statements are external reports that summarize a business’s financial performance and position over a period of time. There are three main Financial Statements:

▪ Balance Sheet (aka. Statement of Financial Position)
▪ Income Statement (aka. Statement of Profit & Loss or “P&L”)
▪ Cash Flow Statement (aka. Statement of Cash Flows)

We’ll over each one in detail with examples to illustrate how they work. If you watch this video through to then end then you’ll become an expert on Financial Statements in no time at all!

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⏱️TIMESTAMPS
00:00 – Intro
00:36 – What are Financial Statements?
09:00 – What is a Balance Sheet?
15:35 – What is an Income Statement?
19:56 – What is a Cash Flow Statement?

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