Foundry is where financial statements are made, from the ground up. This is how you'll understand how all the financial statements are connected.
You'll go through 25 typical transactions, which every company will go through at some point in its life. This is what you'll do:
- Choose a transaction - e.g. "Cash payment for inventory purchase"
- Experiment - change the values following your exercise.
- Recognise the effects - your changes will be recorded in the Balance Sheet.