Guide to reading financial statements

August 31, 2021

Calculator, typed balance sheet and hand holding a pen

This guide steps you through some of the key terminology you’ll find in financial statements that can be confusing if you’re not an accountant or bookkeeper – you might find yourself wondering what’s the difference between a Balance Sheet and an Income statement? What does cash vs accrual mean? Or double bookkeeping? This guide explains all that and more.

Created by the CBF’s Finance Manager, it covers the following key information:

  • What are financial statements?
  • How do they get prepared and are they all the same?
  • Key accounting concepts
  • What is a Balance Sheet?
  • What is an income statement?
  • What about Cash Flows and Financial Statement ‘notes’?

Read the full guide.

Other CBF resources

We have a range of other helpful resources and guides, including: