White Paper: Understanding Financial Statements

This overview was written to help CEOs read and understand their respective organizations’ Financial Statements – it is Financial Statements simplified.

 

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 This is Financial Statements simplified. In other words, the intention is to guide readers so they will be able to identify and grasp the essential and important elements found in their Financial Statements. Comprehensive contents include the following definitions and details, written in plain english:

  1. Income Statement
    • Sales
    • COGS (Cost of Goods Sold)
    • Expenses
  2. Balance Sheet
    • Assets
    • Liabilities
    • Equity
  3. Cash Flow Statement
    • The Operating Cash Flow
    • The Investing Cash Flow
    • The Financing Cash Flow

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