Laser Lessons - Lesson

O3IDBUS2-3

Watch ‘Financial Statements Explained’ produced by Derek Banas. You should also be sure to find and watch the other videos in the series by Derek Banas. You can do this by searching for ‘Financial Statements Explained’ on the YouTube website or they should follow on from this video clip.

Table of Contents

‘General Purpose Financial Statements’ from the My Accounting Course website.
‘What are internal sources of finance?’ webpage on the Chron: Small Business website. Click on the icon to the left to read about internal sources of finance.
Click to read ‘Internal sources of business capital - Operating income and sale of assets’ webpage on The Balance website.
Click to read ‘Financial management - Meaning, objectives and functions’ on the Management Study Guide website.
Click to read ‘Profit and Loss Account’ on the Tutor 2u website.

It is rare that there is just one way to respond to a scenario or situation, so do not consider that the responses you have to the above scenario will be judged as right or wrong. Share your scenario with a work colleague or friend and ask them to tell you whether they think you have responded appropriately. Ask them to challenge your response if necessary. You do not need to submit this task for assessment unless asked to do so by your assessor.