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Financial Statements (Topic Outline)

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Topic Outline

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Read our Explanation (7 Parts) Free

Our Explanation of Financial Statements provides you with the highlights of each of the five external financial statements issued by U.S. corporations. Our insights will give you a good understanding of what the financial statements indicate and what they do not indicate.

Part 1Introduction to Financial Statements, Where the Amounts Come From, Accrual Method of Accounting
Part 2Accounting Periods, Users of the Financial Statements
Part 3Income Statement
Part 4Statement of Comprehensive Income
Part 5Balance Sheet
Part 6Statement of Stockholders' Equity, Statement of Cash Flows (SCF)
Part 7Notes to Financial Statements, Other Information Pertaining to Financial Statements
Take our Practice Quiz Free

This 20-question quiz is a fast way to assess your understanding of the Financial Statements Explanation. It's also a great warmup for our Quick Tests.

Review our Visual Tutorial

Our Visual Tutorial for Intro to Financial Statements provides you with an overview of each of the five external financial statements issued by U.S. corporations. It also allows you to see how one financial statement is connected to the others.

Watch our Financial Statements Video Training

Our financial statements videos will help you learn and review the balance sheet, income statement, and statement of cash flows. This video training consists of 14 videos of approximately 10 minutes each.

Review our Flashcards

Our flashcards for the topic Financial Statements will help you master key terms and definitions. You can view them on any device or print them out.

Solve our Word Scramble Free

If you find Financial Statements terminology difficult, this Word Scramble will provide clues (scrambled answers) to assist you.

Solve our Crossword Puzzle Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Financial Statements in a more fun format.

Review our Sample Business Forms

Our business forms include 26 forms to assist you in preparing financial statements. All of our business forms contain an Excel template, a blank PDF form, and a filled-in PDF form.

Review our Cheat Sheet

Our Financial Statements Cheat Sheet provides you with an overview of each of the five external financial statements issued by U.S. corporations.

Take our Quick Test #1

This graded 40-question test measures your understanding of the topic Financial Statements. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.

Take our Quick Test #2

This graded 45-question test measures your understanding of the topic Financial Statements. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.

Take our Quick Test #3

This graded 50-question test measures your understanding of the topic Financial Statements. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.

Take our Quick Test #4 with Coaching

This graded 30-question test provides coaching to guide you to the correct answers. Use our coaching to learn the WHY behind each answer and deepen your understanding of the topic Financial Statements.

Earn our Financial Statements Certificate of Achievement

Earn this certificate to demonstrate your knowledge of the main financial statements. In the process you will be improving your knowledge, retention and recall of key elements. You will feel more confident knowing you passed the 40-question exam prepared by an experienced CPA and university instructor.

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Explanations
Quizzes
Q&A
Word Scrambles
Crosswords
Bookkeeping Video Training
Financial Statements Video Training
Flashcards
Visual Tutorials
Quick Tests
Quick Tests with Coaching
Cheat Sheets
Business Forms
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Progress Tracking
Earn Badges and Points
Certificate - Debits and Credits
Certificate - Adjusting Entries
Certificate - Financial Statements
Certificate - Balance Sheet
Certificate - Income Statement
Certificate - Cash Flow Statement
Certificate - Working Capital
Certificate - Financial Ratios
Certificate - Bank Reconciliation
Certificate - Payroll Accounting

About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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Certificates of
Achievement

Certificates of Achievement

We now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping:

  • Debits and Credits
  • Adjusting Entries
  • Financial Statements
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Working Capital and Liquidity
  • Financial Ratios
  • Bank Reconciliation
  • Payroll Accounting
Badges and Points
  • Work towards and earn 30 badges
  • Earn points as you work towards completing our course
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