Summary
You have now concluded Lesson 2: Financial Statements Used in Managerial Finance. You should be able to:
- List the main financial statements used in managerial finance.
- Define an income statement and its uses.
- Describe the major aspects of a balance sheet.
- Describe the major aspects of a statement of cash flows.
- Explain a statement of retained earnings.
What's Next?
Test Your Comprehension
