Introduction to entrepreneurship/IENT103/Statements/Start

Challenge summary

Summary:	Business financial statements
	2 hours

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Stimulus resources

These three 'How to' articles will be helpful. You may also use any other resources from this learning pathway:

• Income Statement
• Balance Sheet
• Statement of Cash Flows

Purpose

The purpose of this learning challenge is to:

• prepare basic financial statements for a business start-up
• read and interpret basic financial statements of a business
• examine the effects and significance of cash flow for a business start-up