Lesson ProgressPhase 2 of 6
Phase 2Introduction
Introduction: Project Rehearsal: Three-Statement Workbook Audit
Orient to the shared workbook, structure, and success criteria
🧠Phase 2: Shared Artifact Orientation
Shared Workbook Structure
The shared workbook contains the same data your teacher uses. Every group in class is working with identical numbers today. This lets us compare reasoning and quality directly.
| Sheet | What It Shows | Evidence It Provides |
|---|---|---|
| Income Statement | Shows revenue, expenses, and net income. Links to balance sheet via retained earnings. | Revenue growth rate, expense ratios, net profit margin |
| Balance Sheet | Shows assets, liabilities, and equity at a point in time. Balances (A = L + E). | Current ratio, debt-to-equity, working capital |
| Cash Flow Statement | Reconciles net income to cash. Shows operating, investing, and financing flows. | Operating cash flow, free cash flow, cash burn rate |
| Assumptions | Documents all inputs, rates, and drivers used in the model. | Growth rates, cost assumptions, scenario parameters |
| Dashboard | One‑screen summary with key KPIs and executive summary text. | Visual charts, KPI table, recommendation statement |
Definition of Done (Quality Checklist)
Your completed rehearsal workbook must meet these standards:
Structure
- All five sheets present and named correctly
- Income Statement → Balance Sheet → Cash Flow linked
- Assumptions documented with sources
Accuracy
- Balance sheet balances (A = L + E)
- Cash flow ties to balance sheet changes
- All cross‑sheet links are formulas, not values
Communication
- Dashboard shows KPIs with clear labels
- Executive summary includes a recommendation
- At least one risk or limitation stated
Audit
- Reconciliation checks visible and passing
- No hidden sheets or hard‑coded outputs
- Assumptions have date/version
Vocabulary Check
Three-Statement Vocabulary
Key terms for understanding the evidence chain
Attempts: 0Score: 0%
đź“ť Fill in the Blanks
Complete each sentence by typing the missing word or phrase
đź“š Word Bank
Available answers