Description

Understand how each of the three main financial statements integrate together and their individual components.

Learning Objectives

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1. Recall the key components of the income statement, balance sheet, and cash flow statement and how they integrate together.
2. Categorize items in financial statements.
3. Build a simple balance sheet.
4. Recall the different profit levels in the income statement.
5. Differentiate between operating profit and EBIT.
6. Distinguish between working capital and operating working capital.
7. Recall what PP&E is and how its balance changes.
8. Differentiate between debt and equity.
9. Recall what leverage is.