Once you have media in the Timeline, there is a great deal you can do with it. To the right of the Timeline is the Tool Palette and Audio Meter. The Timeline: This is where you make decisions about incorporating your clips into a video sequence, such as the order of the clips and the location of transitions between clips.The Canvas: This is where you can view your edited film and preview changes that you make.
These windows can be rearranged, although this is the standard layout. In order to edit video efficiently, you must first become familiar with the layout of the basic working windows in FCP. Introduction to Final Cut Pro 7 The Interface