A Beginner's Guide to Business Financial Statements
Generate a guide that simplifies the Income Statement, Balance Sheet, and Cash Flow Statement for non-accountants.
Prompt:
480 characters
Generate a full detail guide for beginners on understanding the three core financial statements. The guide must be written in simple, non-technical language. It should include: 1. An Explanation of the Income Statement (Profit & Loss). 2. An Explanation of the Balance Sheet (Assets & Liabilities). 3. An Explanation of the Cash Flow Statement. 4. A section on why all three are essential for business health. Please include a disclaimer to consult with a professional accountant.