Types of Financial Statements . These are written reports that quantify the financial strength, performance and liquidity of a company. Financial Statements reflect the financial effects of business transactions and events on the entity. Four Types of Financial Statements. The four main types of financial statements are: Statement of Financial Position Statement of Financial Position, also known as the Balance Sheet, presents the financial position of an entity at a given date. It is comprised of the following three elements. Assets: Something a business owns or controls (e. This represents the amount of capital that remains in the business after its assets are used to pay off its outstanding liabilities. Equity therefore represents the difference between the assets and liabilities. Income Statement is composed of the following two elements. Income: What the business has earned over a period (e. The movement in cash flows is classified into the following segments. Operating Activities: Represents the cash flow from primary activities of a business. Investing Activities: Represents cash flow from the purchase and sale of assets other than inventories (e. The movement in owners' equity is derived from the following components. View detailed explanation and Example of Statement of Changes in Equity. Link between Financial Statements. The following diagram summarizes the link between financial statements. Financial Statements Template. Quickly, and easily, create professional grade documents using the best Microsoft Word templates that you can find online. Newsletters, business proposals. Create a visual report by using a template Edit an existing visual report template Create a new visual report template. Templates saved in the default template. Download free blank excel template of business financial statements.
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