Module 18: Financial statements
Income statement, balance sheet, owner's equity, and a basic cash-flow view.
1. The income statement
Build an income statement from the adjusted trial balance and compute net income.
About 8 minutes · 2 practice sets · Free
2. The balance sheet
Present assets, liabilities, and equity at a date, with current and non-current classification.
About 8 minutes · 2 practice sets · Free
3. Statement of owner's equity
Roll owner's capital forward with investments, net income, and drawings.
About 8 minutes · 2 practice sets · Free
4. A basic cash-flow view
Group cash movements into operating, investing, and financing activities and reconcile to the cash balance.
About 8 minutes · 2 practice sets · Pro practice