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