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The 3 Financial Statements are the core of any business. Actually it's the most valuable thing you can learn in business. Knowing they connect can make you learn how to read the, and take better decision. In this video, I explain how the Income Statement, the Balance sheet, and the Statement of Cash Flows all connect together.
⏱️ TIMESTAMPS
0:00 Intro
0:17 What are the Financial Statements
0:59 What is the Profit and Loss
1:27 The Balance Sheet
1:54 The Statement of Cash Flows
2:22 How the Financial statements are connected
5:32 How The Balance Sheet connects to the Statement of Cash Flows
6:02 A textbook example of how it all works
7:53 Financing Activities
8:52 Recap
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