Financial Statement Flow
The Waterfall
Master how Income Statement → Retained Earnings → Balance Sheet flow together. Place each account where it belongs and watch the statements come alive.
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The Flow
Master the waterfall: Income → Retained Earnings → Balance Sheet
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The Links
See how one statement feeds the next
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The Balance
Assets = Liabilities + Equity (always!)
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Income Statement
Captures FLOW over a period. Revenue - Expenses = Net Income
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Retained Earnings
The bridge. Beginning + Net Income - Dividends = Ending R.E.
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Balance Sheet
A SNAPSHOT. Assets = Liabilities + Equity (must balance!)