Statement of Cash Flow The Statement of Cash Flow (SCF) is a crucial financial statement that provides insights into a company’s cash inflows and outflows during a specific period. It is one of the primary tools investors, analysts, and stakeholders…
Statement of Changes in Equity The Statement of Changes in Equity (the Statement of Equity, Statement of Shareholders’ Equity, or Statement of Retained Earnings) is a financial statement outlining changes in a company’s equity over a specific period. It provides…
Income statement The income statement is one of the most important financial statements, also known as the profit and loss account, is a critical financial document that provides an overview of a company’s performance over a specific period. It includes…
Balance sheet The balance sheet, also known as the statement of financial position, offers a vital overview of a company’s financial status. It serves as a cornerstone in financial reporting, crucial for investors, creditors, and management to grasp the company’s…
Definition of Financial Statements Financial statements are comprehensive documents that present a company’s financial performance and position. It Consists primarily of the income statement, balance sheet, and cash flow statement; these statements provide a structured overview of a company’s revenues,…
