Accounting and Finance Foundations

Unit 7

Accounting and Finance Foundations Unit 7: Financial Statements 600

Financial Statements

Chapter 18Chapter 18

Student Activity

18.5.8 Income Statement & Balance Sheet Web Tutorial

Access the Basic Financial Statements tutorial at http://www.studyfinance.com/lessons/finstmt/. Once

there, click on “The Balance Sheet,” which will take you to a self-paced overview of the balance sheet,

including examples. Read each slide, and on slide 15, complete the practice exercise. Then, read slides 16

to 18 of the tutorial, including the slides on the income statement and other basic financial statements.