Financial Statements Learning Intentions

Finance & Accounting Learning Intentions

Please use the traffic lights to indicate how well you understand the following learning outcomes.

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* 2. How well do you understand the following?

	I don't know where to start.	I am having some trouble with this.	I need a little more work.	I am confident about this.
What revenue is	What revenue is I don't know where to start.	What revenue is I am having some trouble with this.	What revenue is I need a little more work.	What revenue is I am confident about this.
What an expense is	What an expense is I don't know where to start.	What an expense is I am having some trouble with this.	What an expense is I need a little more work.	What an expense is I am confident about this.
How to calculate profit	How to calculate profit I don't know where to start.	How to calculate profit I am having some trouble with this.	How to calculate profit I need a little more work.	How to calculate profit I am confident about this.
What Gross Profit is	What Gross Profit is I don't know where to start.	What Gross Profit is I am having some trouble with this.	What Gross Profit is I need a little more work.	What Gross Profit is I am confident about this.
What Net Profit is	What Net Profit is I don't know where to start.	What Net Profit is I am having some trouble with this.	What Net Profit is I need a little more work.	What Net Profit is I am confident about this.
What an Income Statement looks like	What an Income Statement looks like I don't know where to start.	What an Income Statement looks like I am having some trouble with this.	What an Income Statement looks like I need a little more work.	What an Income Statement looks like I am confident about this.
What is shown in a Balance Sheet	What is shown in a Balance Sheet I don't know where to start.	What is shown in a Balance Sheet I am having some trouble with this.	What is shown in a Balance Sheet I need a little more work.	What is shown in a Balance Sheet I am confident about this.
What an Asset is	What an Asset is I don't know where to start.	What an Asset is I am having some trouble with this.	What an Asset is I need a little more work.	What an Asset is I am confident about this.
The difference between a current and non current asset	The difference between a current and non current asset I don't know where to start.	The difference between a current and non current asset I am having some trouble with this.	The difference between a current and non current asset I need a little more work.	The difference between a current and non current asset I am confident about this.
What a liability is	What a liability is I don't know where to start.	What a liability is I am having some trouble with this.	What a liability is I need a little more work.	What a liability is I am confident about this.
I know what owners Equity is	I know what owners Equity is I don't know where to start.	I know what owners Equity is I am having some trouble with this.	I know what owners Equity is I need a little more work.	I know what owners Equity is I am confident about this.
What the Accounting Equation is	What the Accounting Equation is I don't know where to start.	What the Accounting Equation is I am having some trouble with this.	What the Accounting Equation is I need a little more work.	What the Accounting Equation is I am confident about this.
Purpose of a Cash Flow Statement	Purpose of a Cash Flow Statement I don't know where to start.	Purpose of a Cash Flow Statement I am having some trouble with this.	Purpose of a Cash Flow Statement I need a little more work.	Purpose of a Cash Flow Statement I am confident about this.
The difference between cash flow and profit	The difference between cash flow and profit I don't know where to start.	The difference between cash flow and profit I am having some trouble with this.	The difference between cash flow and profit I need a little more work.	The difference between cash flow and profit I am confident about this.
How to improve cash flow of a business	How to improve cash flow of a business I don't know where to start.	How to improve cash flow of a business I am having some trouble with this.	How to improve cash flow of a business I need a little more work.	How to improve cash flow of a business I am confident about this.
What the cash cycle is	What the cash cycle is I don't know where to start.	What the cash cycle is I am having some trouble with this.	What the cash cycle is I need a little more work.	What the cash cycle is I am confident about this.
What a Cash Budget is	What a Cash Budget is I don't know where to start.	What a Cash Budget is I am having some trouble with this.	What a Cash Budget is I need a little more work.	What a Cash Budget is I am confident about this.
What the purpose of a Cash Budget is	What the purpose of a Cash Budget is I don't know where to start.	What the purpose of a Cash Budget is I am having some trouble with this.	What the purpose of a Cash Budget is I need a little more work.	What the purpose of a Cash Budget is I am confident about this.
How to use surplus funds generated in a business	How to use surplus funds generated in a business I don't know where to start.	How to use surplus funds generated in a business I am having some trouble with this.	How to use surplus funds generated in a business I need a little more work.	How to use surplus funds generated in a business I am confident about this.

Are there any other things you don't understand or need help with?