[Verse 1] Let me tell you bout a company's story Written in numbers, failures and glory Five key pieces paint the whole scene Assets and liabilities, what do they mean? Assets are resources that bring value in Cash, equipment, buildings within Future benefits flowing to you Recognition when it's probable and true [Chorus] A-L-E-I-E, remember these five Assets, Liabilities, Equity keeping us alive Income and Expenses complete the tale Financial statements never fail A-L-E-I-E, the building blocks we need Understanding money's flow and corporate deed [Verse 2] Liabilities are debts we owe Present obligations that make cash flow go To other parties we must pay Recognition when the amount's not far away Equity's the owner's claim inside Assets minus liabilities, that's our guide Residual interest when all's been paid The shareholders' wealth that's been made [Chorus] A-L-E-I-E, remember these five Assets, Liabilities, Equity keeping us alive Income and Expenses complete the tale Financial statements never fail A-L-E-I-E, the building blocks we need Understanding money's flow and corporate deed [Bridge] Income flows in, revenues rise When economic benefits materialize Expenses flow out, costs we bear Decreasing benefits everywhere Recognition needs two simple tests Probable flow and measurement that's blessed Reliable figures we can trust These criteria are a must [Verse 3] Balance sheet shows where we stand today Assets, liabilities in array Income statement tells the yearly tale How revenues and expenses scale These five elements work as one Building blocks till the work is done Master these and you will see Financial statements clearly [Chorus] A-L-E-I-E, remember these five Assets, Liabilities, Equity keeping us alive Income and Expenses complete the tale Financial statements never fail A-L-E-I-E, the building blocks we need Understanding money's flow and corporate deed [Outro] Five elements strong and true Financial knowledge seeing through A-L-E-I-E Your CFA key
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