Reading Financial Statements (CFI)
https://corporatefinanceinstitute.com/course/learn-to-read-financial-statements-free-course/
https://www.credential.net/6ea89591-f3eb-477b-b5c4-fc5c9f2a806e
Balance Sheet aka Statement of Financial Position
Current = <1 year
Assets and liabilities
Deferred taxes: timing difference between accounting income and taxable income → can be asset and/or liability Goodwill: e.g. brand, customers, premium paid on acquisition Intangible: e.g. trademark, patent, copyright Contingencies: e.g. lawsuit with expected future payout e.g. 12 month subscription for £100 → both cash and unearned revenue +£100, each month unearned -£10, revenue +£10
