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Financial Statements

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Financial Statements

Yes or No

In this game, players will determine whether various nouns are considered part of financial statements. Players will respond with ✅ for nouns that are included in financial statements and ❌ for those that are not.

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About Yes or No
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Created by

A11_22 _Thảo My
A11_22 _Thảo My
Viet Nam

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Financial StatementsOnline version

In this game, players will determine whether various nouns are considered part of financial statements. Players will respond with ✅ for nouns that are included in financial statements and ❌ for those that are not.

by A11_22 _Thảo My
1

Balance sheet is a financial statement that reports a company's financial condition over a period of time.

2

ASSETS = LIABILITIES + OWNERS' EQUITY

3

A balance sheet includes assets, liabilities and expense.

4

PROFIT = REVENUE + EXPENSE

5

Cash flow statements contain cash from: Operating Activities, Investing Activities and Financing Activities.

6

An income statement can be analyzed vertically or horizontally.

7

Cash flow statement is a financial statement that shows a business's cash inflows and outflows over a period of time.

8

Income statement is a financial statement that shows a bussiness's profit and loss at a particular point in time.

9

An income statement consists of profit, revenue and expense.

 
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