Introduction to Financial Statements
The financial statements are introduced in the context of building a financial model. The objective is not simply to explain what they are, but to demonstrate how they link to each other.
The accounting equation is the single most important concept in accounting, and it is instrumental in developing a more thorough understanding of financial statements. This video explains how the accounting equation is relevant in building financial models.
This video introduces the cash flow statement. The video walks through definitions, and concludes by highlighting relationships between the cash flow statement and other financial statements that are important to keep in mind as you build financial models. This video places greater significance on how the three financial statements relate to one another in a financial model.