Ed Barton, LLM, CPA, CFA

[Series] What Every Entrepreneur Needs to Know About Accounting – What’s A Balance Sheet?

Accounting Basics

Although cash flows and income statements are different, they both have their own unique qualities. The income statement reports profits in quantifiable terms while categorizing them under three headings: revenues, expenses, and earnings per share (EPS). On the other hand, the statement of cash flows provides a more detailed overview of how changes in liquidity affect your company’s ability to pay its bills or make investments without using debt financing from outside sources

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[Series] What Every Entrepreneur Needs to Know About Accounting – What’s A Balance Sheet?
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