Project 2

1. Project 2

1.1. Training Room 1

Project 2: Financial Statements

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Training Room 1: The Income Statement

Suggested Time: 80 minutes

Training Room Introduction

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A business needs to present all of its financial information in an orderly fashion. Otherwise, there would be quite a stack of paper to sort through to determine how successful the business is.

The worksheet is really a summary of a company’s books all on one page for easy reference. It is the working copy that is needed to prepare the financial statements for the business. This training room will concentrate on preparing the financial statement called the income statement. It focuses on just what you would expect, the income of a business.