Financial Statements: Measuring an Organization's Financial Health

Welcome to “Financial Statements: Measuring an Organization’s Financial Health,” a video lesson that describes the purpose and value of financial statements. This lesson is the first of four in the “Financial Statements” video course, which is meant to help you analyze financial statements and develop an executive mindset about your organization’s finances. In this lesson, you’ll learn what financial statements are, why they’re created, and who reads them. Then, you’ll discover the basic information provided in income statements, balance sheets, and cash flow statements. Finally, this lesson touches on the generally accepted accounting principles used to standardize the way financial and accounting information is presented. (Keywords: GAAP, profit and loss statement, statement of cash flow, financial acumen)