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Money & How It Works · Lesson 9
Reading Financial Statements
Income statements, balance sheets, and cash flow statements are the language of business, and fluency in them changes how you see every financial decision.
Ages13–1718–25Runtime to be confirmed
About this lesson
Financial statements have a terrifying reputation. Underneath they are three questions: did we make money, what do we own and owe, and where did the cash move? Start with their own month, then a lemonade stand, then a brand they already love. Profit is an opinion. Cash is a fact.
What you’ll learn
- A financial statement is the story of a business, told in numbers.
- Write one page for one month: everything in, everything out, what is left.
- Own minus owe is your number, and it only moves for people who track it.
- The giant brand is a lemonade stand with more zeros. You can hear it talking now.
Skills your family will build
AnalysisFinancial literacyObservationNumeracy
