Financial Statements

A financial statement (or financial report) is a formal record of the financial activities and position of a business, person, or other entity.

Common Financial Statements

Balance Sheet

See: Balance Sheet

The balance sheet (BS) represents a snapshot of the financial position at a single point in time.

Income Statement

See: Income Statement

The income statement (IS) represents the change in financial position over a period (eg: quarterly, annually)

Cash Flow Statement

See: Cash Flow Statement

The cash flow statement (CFS) represents the change in cash flow over a period. The cash flow activity is sorted into

  • Cash flow from Operations
  • Cash flow from Financing
  • Cash flow from Investing
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