5 Minute Finance Lesson – Financial Statement Basics

In February I posted a video giving you all some tips for creating pro forma financial statements. However, this blog is geared toward first time entrepreneurs, so some of you have asked for a “quick and dirty” lesson on the basics of financial statements before you attempt to create pro forma financial statements. Below is my attempt to give you the basics in 5 minutes. It’s not going to make you an expert by any stretch of the imagination, but hopefully it will give you a better idea of what each of the key financial statements shows you.

 

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