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FS FINANCIAL STATEMENT Form

FS FINANCIAL STATEMENT Form

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Instructions and help about FS FINANCIAL STATEMENT

Hello and welcome... Hello and welcome back to  Accounting Stuff. I'm James and today we're   talking financial statements. The income statement,  the balance sheet and the cash flow statement. I'm   going to try and explain all the basics in under  eight minutes which is going to be a challenge   because we have a little puppy here who's uh  trying to bite my finger. So let's get started!   What are financial statements? Financial  statements are reports that summarize the   activities and financial performance of a business.  They're prepared at the end of each accounting   period and they're designed to give investors and  lenders a feel for a business's financial health.   The three main financial statements are the balance  sheet, the income statement and the cash flow   statement. Now I'll explain how each of these  work with an example. Tea-licious is a family-run   business that produces a popular blend of black  tea. Their financial year has come to

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