Lesson 5: Introduction to Financial Statements

This lesson covers the basic purpose of financial statements with a focus on the purpose and construct of income statements.

Required Outcomes

  • Students will understand the basic terms used in financial statements and learn how to categorize expenses
  • Students will outline their proposed revenue model

Introduction to Financial Statements

Revenue Models

Visit the link below to come up with examples of businesses that implement various revenue models and briefly explain the mechanics of the business.