Understand the major distinctions between a company's financial risk and business risk, as well as some of the elements that influence risk levels.

Learn the differences between fixed expenses, variable costs, and total fixed costs and how they affect a company's financial statements.

Financial statements are a set of summaries of an organization's financial results, financial position, and cash flows.

A balance sheet is a financial statement that shows the assets, liabilities, and shareholder equity of a company at a specific point in time.

Financial statements are written records that convey a company's business activities and financial performance.

One of the three major financial statements that reports a company's financial performance over a specific accounting period is the income statement. It is focused with revenue, expenses, gains, and losses.

The process of recording, summarizing, and reporting a company's transactions in order to provide an accurate picture of its financial position is known as financial accounting.

The net amount of cash and cash equivalents transferred into and out of a business is referred to as cash flow.