2019 NIGA CERTIFICATION COURSE
WALKTHROUGH OF KEY FINANCIAL STATEMENTS (THE FLOW OF MONEY) v INCOME STATEMENT v BALANCE SHEET v STATEMENT OF CASH FLOWS (c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP. 9 ü ALL INTER-RELATED
9
10
(c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP.
INCOME STATEMENT “Results over a period of Time”
EXPENSES What is expensed or incurred
REVENUES What is earned
Revenue – Expenses = Net Income
10
(c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP.
5
Made with FlippingBook - Online catalogs