Module 2 — Introduction to Financial Statements

Module Outline

• LO 2.1 Describe the Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash
  Flows, and How They Interrelate
• LO 2.2 Define, Explain, and Provide Examples of Current and Noncurrent Assets, Current and Noncurrent
  Liabilities, Equity, Revenues, and Expenses
• LO 2.3 Prepare an Income Statement, Statement of Owner’s Equity, and Balance Sheet