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Build the Statement Fundamentals
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Financial Statements from Adjusted Records
Overview: Financial Statements from Adjusted Records
From adjusted records to statement inputs
Activity: Sort adjusted accounts into statement buckets
Income statement structure and net income
Balance sheet structure and ending balances
Bridge from one statement to the next
Quick consistency checks
Business readout from statement results
Exercise: Section Exercise
Review: Financial Statements from Adjusted Records
Income Statement Structure and Net Income
Overview: Income Statement Structure and Net Income
What the income statement shows
Revenue, cost of sales, and gross profit
Activity: Sort statement lines into the correct section
Operating expenses and operating income
Other income, taxes, and net income
Reading the story behind the numbers
Exercise: Build a simple income statement from cleaned records
Review: Income Statement Structure and Net Income
Balance Sheet Structure and Ending Balances
Overview: Balance Sheet Structure and Ending Balances
What a balance sheet shows
Assets and how to group them
Activity: Sort asset accounts by balance sheet section
Liabilities and equity
Finding ending balances from adjusted records
Activity: Build a mini balance sheet from adjusted balances
Reading the balance sheet for judgment
Common balance sheet mistakes
Exercise: Section Exercise
Review: Balance Sheet Structure and Ending Balances
Cash Flow Statement Basics
Overview: Cash Flow Statement Basics
Why cash flow is separate from profit
Activity: Sort profit and cash examples
The three cash flow sections
Operating cash flows
Investing cash flows
Financing cash flows
Linking net income to ending cash
Exercise: Build a simple cash flow classification
Review: Cash Flow Statement Basics
Statement Reconciliations and Consistency Checks
Overview: Statement Reconciliations and Consistency Checks
Why statement checks matter
Tie the income statement to the balance sheet
Activity: Match the reports
Check cash flow against operating activity
Spot timing, classification, and posting errors
Use supporting detail to explain a mismatch
Reading-only: judgment on whether the numbers are ready
Exercise: Section Exercise
Review: Statement Reconciliations and Consistency Checks
Business Summary and Decision Support
Overview: Business Summary and Decision Support
What a business summary does
Activity: Sort statement facts from opinions
Use trends, not one-off numbers
Add simple decision signals
Activity: Match the signal to the decision
Write a short summary that a manager can use
Judgment moment: would you sign your name to it?
Activity: Review a draft summary
Prepare for the section exercise
Exercise: Section Exercise
Review: Business Summary and Decision Support
Course Study Guide
Overview: Course Study Guide
Recap
What You Can Do Next
Additional References
Review: Course Study Guide
Lab: Build and Check a Basic Statement Package
Overview: Lab: Build and Check a Basic Statement Package
Lab: Build and Check a Basic Statement Package
Review: Lab: Build and Check a Basic Statement Package
Lab: Build and Check a Basic Statement Package
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AI Learning Hub
AI Essentials
Level 1: Generative AI Foundation
Level 2: Grounding AI with your Data
Level 3: Automating AI Workflows
Copilot First-Step Kit
Office
Webinars
Power BI
Programming
WordPress
Microsoft Official
Accounting
CompTIA
Google
Upskilling Series
Home
Course info
Build the Statement Fundamentals
Turn cleaned-up records into the pieces statements need.
Skill Level
:
Beginner
