How the 3 Financial Statements Connect Together

➡️ Download the infographic and Excel File here! Infographic File: https://www.yourcfoguy.com/templates/financial-statements-mindmap Excel File: https://www.yourcfoguy.com/templates/how-the-3-financial-statements-connect The 3 Financial Statements are the core of any business. Actually it's the most valuable thing you can learn in business. Knowing they connect can make you learn how to read the, and take better decision. In this video, I explain how the Income Statement, the Balance sheet, and the Statement of Cash Flows all connect together. ⏱️ TIMESTAMPS 0:00 Intro 0:17 What are the Financial Statements 0:59 What is the Profit and Loss 1:27 The Balance Sheet 1:54 The Statement of Cash Flows 2:22 How the Financial statements are connected 5:32 How The Balance Sheet connects to the Statement of Cash Flows 6:02 A textbook example of how it all works 7:53 Financing Activities 8:52 Recap Important links: The profit & loss tutorial: https://youtu.be/sAxd35HhQxs The Statement of Cash Flows tutorial: https://youtu.be/4EwFk3JQSz4 Almighty Balance Sheet tutorial: https://youtu.be/WiBdx5Wt8Ho Cash vs Accrual tutorial: https://youtu.be/7n5G4aAR4Hk Financial Statement Piano inforgraphic: https://www.yourcfoguy.com/templates/financial-statements-piano Universe of Financial Statements inforgraphic: https://www.yourcfoguy.com/templates/the-universe-of-finance-and-accounting ABOUT THIS CHANNEL Looking to level up your career in Finance & Accounting? You're in the right place. Each week I upload videos around Accounting, FP&A, and Excel to help you grow in your career and learn something new. ⚡️ Check out my channel here: http://www.youtube.com/@yourcfoguy Don’t forget to subscribe! 🔎 FIND ME AT https://www.yourcfoguy.com ➡️ Subscribe to my Newsletter! https://www.yourcfoguy.com/newsletter 🔗 FOLLOW ME ON SOCIAL Get updates or reach out to Get updates on our Social Media Profiles! LinkedIn: https://www.linkedin.com/in/joshaharonoff Twitter: https://www.twitter.com/yourcfoguy #Threfinancialstatements #CashFlows #BalanceSheet #profitandloss #Financials #Accounting #accountingprofessionals #Tutorial #yourcfoguy