Khan Academy Static

Corporations use three financial statements to report what's going on: balance sheets, cash flow statements and income statements. They can be derived from each other and each give a valuable lens on the operations and condition of a business. After you know the basics of accrual accounting (available in another tutorial), this tutorial will give you tools you need to responsibly understand any business.

12587_Fair_value_accounting.html

12584_Balance_sheet_and_income_statement_relationship.html

12586_Doing_the_example_with_accounts_payable_growing.html

12585_Basic_cash_flow_statement.html