Course · Act II: The Three Statements · Act II case study
Three-statement model: a manufacturing case
Case study: from an opening balance sheet and a year of transactions, build a manufacturer’s income statement, cash flow statement and closing balance sheet.
Key terms
- Three-statement model
- Opening balance sheet + a period’s transactions → income statement, cash flow statement, closing balance sheet.
“Build the Books” is part of the full course: 6 puzzles on three-statement model: a manufacturing case, with a story that carries through all five acts. Try this act’s free chapter, “The Income Statement”, first.