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Learn the three financial statements step by step. Every article pairs with the interactive simulator — read, then try it yourself.
"The Three Financial Statements Explained: How They Connect"A plain-language guide to the balance sheet, income statement and cash flow statement — what question each one answers, and the three links that tie them together. With a free interactive simulator.
"How to Read a Balance Sheet: From the Accounting Equation to Solvency"The structure of the balance sheet explained line by line — cash, receivables, inventory, fixed assets, liabilities and equity — plus the key ratios (current ratio, debt-to-assets) and the warning signs to watch for.
"Income Statement Explained: The Five Steps from Revenue to Net Income"The full structure of the income statement — revenue, gross profit, operating profit (EBIT), pre-tax profit, net income and EPS — plus accrual accounting, the three margins, and the traps to avoid.
"Cash Flow Statement: Direct vs Indirect Method, and How to Read the Three Sections"The three sections of the cash flow statement (operating, investing, financing) explained, the difference between the direct and indirect methods, and how to use free cash flow and the CFO-to-net-income ratio.
"Double-Entry Bookkeeping: Worked Journal Entries and How They Hit All Three Statements"The core rules of double-entry bookkeeping and the accounting equation, with a worked table of typical transactions — cash sale, credit sale, collection, purchases, salaries, depreciation, borrowing, dividends — showing which statements each entry touches.
"Financial Ratios Cheat Sheet: 20+ Formulas for Profitability, Efficiency, Solvency and Valuation"One-page reference for the most-used financial ratios — ROE, ROA, gross margin, inventory turnover, current ratio, interest coverage, PE, PB, PS, EV/EBITDA, free cash flow — with formulas and interpretation notes.
"Financial Statements FAQ: Common Questions Answered""Frequently asked questions about learning financial statements: which statement to start with, why profit and cash diverge, what depreciation really is, where the US company data comes from, and how to use the free tools."