Accounting and Financial Statements
The financial statements offer the total financial information of a company. These financial statements include the balance sheet, an income statement, retained earnings statement and cash flow statement. The balance sheet presents the financial condition in terms of its assets, liabilities and ownership equity. Income statements, also called P … Keep Reading → & L, give a view of the company’s operation since they present the company’s income, expenses and profits. Retained earnings statements explain changes to retained earnings while cash flow statement report on the company is operating budget, and investing and financing activities. Learn more about financial statement here.
