Financial Statements: Let's Learn the Basics

In this video we explore the basics of what are financial statements. The main financial statements are the balance sheet, income statement, and cash flow statement. We snuck in an extra one called the statement of equity. Utilizing a simple example we break down the basics of each and help build our first financial statements for the kids lemonade business.

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0:00 Intro
0:50 What are Financial Statements
1:59 Activity for the example
2:22 Balance Sheet
3:50 Income Statement
5:22 Cash Flow Statement
6:50 Equity Statement
7:40 Close