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Basic Accounting Resources: Financial Statements
Click on the tabs below to access various resources for accounting basic skills.
(http://www.sec.gov/investor/pubs/begfinstmtguide.htm) - This brochure from the U.S. Securities and Exchange Commission is designed to help you gain a basic understanding of how to read financial statements, including balance sheets, income statements, and cash flow statements
(http://www.principlesofaccounting.com/chapter-16/) - Covers tools for financial statement analysis, evaluating cash flow, and preparing the cash flow statement. Use tabs above to access various types of interactive exercises and key terms.
(http://www.principlesofaccounting.com/chapter-15/) - Discusses special reporting situations, earnings per share, other key indicators, and more. Use the tabs across the top to access a variety of interactive exercises and key terms.
(http://www.dwmbeancounter.com/tutorial/theorybook.html) - Tutorial provided by Bean Counter. Generally Accepted Accounting Principles (GAAP) are the accounting rules used by companies (public and private) to prepare financial statements. Special rules apply to local and state governments and are determined by the Governmental Accounting Standards Board (GASB).
(http://www.dwmbeancounter.com/financial-statements.html - Click on Lesson 6 for an explanation of the various types of financial statements, one of the lessons on the Bean Counter website.
(https://www.newkirk.com/pdf_forms/ruf_pp.pdf) - This brochure provides an overview of five financial statements: balance sheet, income statement, statement of cash flow, statement of comprehensive income, and statement of stockholders' equity. It then goes into more detail for each, with examples.
(https://www.illinois.gov/dceo/SmallBizAssistance/BeginHere/Documents/ILSBDC_NewGround_FinancialStatements_Sept2013.pdf) - This booklet from the Illinois Small Business Development Center, describes how to read balance sheets, income statements, cash flow statements, and ratios.
(https://www.youtube.com/playlist?list=PLuARbs1Yww_uTWsyQh95xe7rMrZA41qtB) - These 12 mini lectures last approximately 35 minutes in total. Each short video presentation on accounting and bookkeeping topics is accompanied by a written transcript.
(http://www.principlesofaccounting.com/chapter-4/) - Discusses the preparation of financial statements, the accounting cycle, and classified balance sheets. Use the tabs across the top to access various interactive exercises and key terms.
(http://www.investopedia.com/articles/04/022504.asp) - A guide to understanding the components of the income statement. Includes a sample income statement.
(http://www.accountingcoach.com/balance-sheet/crossword-puzzles) -Two balance sheet crossword puzzles from the Accounting Coach. Select "Open Online" for the free version. Puzzles can be completed online and the solution is provided.
(http://www.accountingcoach.com/balance-sheet/quiz) - 24 multiple choice and true/false questions from the Accounting Coach website. A word scramble and crossword puzzle is also available.
(http://www.accountingcoach.com/balance-sheet/word-scrambles) - Test your knowledge of balance sheet terminology with this word scramble from Accounting Coach.
(http://www.accountingcoach.com/cash-flow-statement/crossword-puzzles) - Three cash flow statement crossword puzzles from Accounting Coach. Choose "Open Online" for the free version. Complete puzzle online; solution is provided.
(http://www.accountingcoach.com/cash-flow-statement/quiz) - 33 multiple choice questions to test your knowledge of the cash flow statement, from Accounting Coach. Crossword puzzles and word scramble also available.
(http://www.accountingcoach.com/cash-flow-statement/word-scrambles) - Test your knnowledge of cash flow statement terminology with this word scramble from Accounting Coach.
(http://www.accountingcoach.com/income-statement/crossword-puzzles) - Choose from three crossword puzzles. Select "Open Online" for the free version. These can be worked online and the solution is provided.
(http://www.accountingcoach.com/income-statement/quiz) - 20 multiple choice and "yes/no" questions from Accounting Coach. A crossword puzzle and word scrambleis also available.
(http://www.accountingcoach.com/income-statement/word-scrambles) -Test your knowledge of income statement terminology with this word scramble fro Accounting Coach.
(https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme/financial-statements-tutorial/e/interpreting-the-balance-sheet) - An interactive quiz from Khan Academy
(https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme/financial-statements-tutorial/e/interpreting-the-income-statement-2) - An interactive quiz from Khan Academy.
(http://www.accountingcoach.com/test-yourself) - Quizzes, crossword puzzles, and word scrambles for all accounting and bookkeeping topics on the Accounting Coach website
Professor Bean Counter's Mini Presentations(YouTube) This set of 14 short videos, lasting a total of 45 minutes,, break accounting and bookkeeping topics down into small bites. Two are embedded below.Financial Statements and Cash Flow & Profits.
