Balance sheet: working capital, current ratio, financial leverage, notes to financial statements, comparative balance sheets
Read our related Explanations: Financial Statements
Introduction to the main financial statements and accounting rules, balance sheet heading and sections, reporting of cash
Balance sheet: accounts receivable, estimated allowance for doubtful accounts, inventory cost flows (FIFO & LIFO)
Balance sheet: prepaid expenses; current assets; investments; property, plant and equipment
Balance sheet: property, plant and equipment (accumulated depreciation, book value)
Balance sheet: asset classifications (intangible assets, other assets)
Balance sheet: current liabilities (notes payable, accounts payable, accrued expenses, customer deposits)
Balance sheet: long-term liabilities, stockholders' equity
Balance sheet: working capital, current ratio, financial leverage, notes to financial statements, comparative balance sheets
Income statement: revenues, cost of goods sold, expenses, nonoperating items
Income statement: formats (multiple-step, single-step, comparative, amounts as % of net sales)
Connection between the income statement and balance sheet
Statement of cash flows: introduction, cash flows from operating activities
Statement of cash flows: cash flows from operating activities, cash flows from investing activities, cash flows from financing activities, quality of earnings
Statement of cash flows: free cash flow; statement of owner's equity
Featured Review
"AccountingCoach is my go-to for all my accounting needs. It has been a pivotal part of my career. AccountingCoach has had my back in many situations, and has helped me to understand accounting at my pace. I am now a financial/management accountant for one of west Australia’s largest heavy engineering companies. I will continue to use AccountingCoach throughout my career for continued learning and personal growth. I highly recommend AccountingCoach to anyone studying or already in the accounting industry. I, personally, will always be a member. Thank you team AccountingCoach, I wouldn't be where I am today without you." - Gillian L.
Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials
Read all 2,645 reviewsWe now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping: