Accounting Questions Basic

1. Income Statement: Shows a company’s revenue and expenses, ending in Net Income.

2. Balance Sheet: Shows the company’s Assets, Liabilities, and Shareholders’ Equity.

3. Cash Flow Statement: Begins with Net Income and adjusts for non-cash expenses, working capital changes, and cash flows from investing and financing activities.

Income Statement:

• Revenue

• Cost of Goods Sold

• Operating Income

• Net Income

  
  

Balance Sheet:

• Cash

• Accounts Receivable

• Inventory

• Accounts Payable

• Accrued Expenses

• Debt

• Shareholders’ Equity

  
  

Cash Flow Statement:

• Net Income

• Depreciation & Amortization

• Stock-Based Compensation

• Changes in Operating Assets & Liabilities

• Cash Flow from Operations

• Capital Expenditures

• Cash Flow from Investing

• Sale/Purchase of Securities

• Dividends Issued

• Cash Flow from Financing