Overview: Introduction to the General-Purpose Financial Statements (Part D - Income Stmt, Stmt of Equity, Stmt of Cash Flows)

In this module we will learn more of the nuts and bolts of how to prepare the Income Statement and Statement of Shareholder Equity. You will also become familiar with the basic format of a Statement of Cash Flows but will not learn how to prepare one in this topic.

You should focus your attention on the format of each statement and the key accounts they include, the information they provide and what periods they are prepared for.

To Complete This Module

To complete this module, you will need to study all of the content pages and successfully complete the related topic and module quizzes. To successfully complete quizzes you need to achieve a score of at least 4 out of 5 for topical quizzes and achieve a score of at least 8 out of 10 for the module quiz. You may take and re-take quizzes as many times as necessary to master the material and get your passing score.

To track which content pages you have viewed and which quizzes you have successfully completed, click the "Modules" link on the course menu on the left. A green check mark will appear to the left of each “Study” page that you have viewed and by each “Quiz” that you have successfully completed in the module.

I anticipate that this module will take about 2 hours to complete.