Chapter 6 discusses several financial statements. This section will help you practice preparing financial statements and becoming acquainted with the parts of each financial statement. Prepare one cash flow statement for a start-up and another one for an existing business. Prepare one income statement for a start-up and another one for an existing business. Prepare one balance sheet for a start-up and another one for an existing business. That's a total of six financial statements. Your financial statements do not need to the actual data for that start-up or existing business. You can just estimate what it might be for that particular start-up business or existing business. Your financial statements do not need to be long length forms. They can be simple financial statements. You might want to do a search for "simple cash flow statement," "simple income statement," and "simple balance sheet" and then go from there.