Note: This is a module that forms part of a full course.
Course

Let's Talk Finance Online (Beta Version)

Module 2

The income statement

Understand how businesses track financial performance over time. Learn the processes that capture business activity and measure success.

In this module you will learn how transactions create the story of an organization's  financial performance. No more confusion about profit calculations. No more disconnection between balance sheets and income statements. Just clear principles that reveal how organizations generate and measure value.

What YOU'LL learn

  • Transaction Fundamentals - master the mechanics of double-entry accounting and how individual transactions are recorded
  • Income and Expenses - Understand the essential concepts that measure business activity and performance
  • Financial Statement Integration - Discover how the income statement connects to and affects the balance sheet
  • Business Value Cycle - Explore how organizations create, capture, and measure value through their operations
  • Accrual Accounting - Grasp the critical principles of matching transactions with economic reality

Module Lessons