Here are the four primary types of financial … Discover a new standard in complementary education of the highest quality, brought to you by the experts at Oxford Home Study Centre. Cash flow statements: To explain how the actual cash flow is. Types of Financial Statements - Free Course. Profit and Loss Statement . Balance Sheet: To tell where the company stands in terms of assets and liabilities. In general, there are five types of financial statements and those statements contain five elements on these statements. What are the three financial statements?

Four main Types of Financial Statement. This report will be the determinant, whether in a period the company has a loss or profit. Types of Corporate Financial Statements - At least, there are 5 types of company financial statements reported based on Indonesian accounting standards, namely: 1. The three financial statements are: (1) the Income Statement Income Statement The Income Statement is one of a company's core financial statements that shows their profit and loss over a period of time. Income Statement Not much different from the name, this is a report that describes the profit and loss activity in a company. Let’s take a look at what these statements store in them and what role do they play in reporting the performance of the business. 3 Different Types of Financial Statements. And to find out the significant relationship between quantitative and non-quantitative data. Analysis of Financial Statements & Types of Things to Know Financial statements can be interpreted as the process of breaking down financial items into smaller units of information. The main components of an entity’s financial statements are. Boost your knowledge, experience and expertise in the field of accountancy and finance, with this exclusive free course. The income and expenditure statement or the profit and loss statement (P&L) represents revenues generated by an entity and the expenses incurred by it to generate those revenues. These statements and elements are prepared and presented for their own different purposes and provide users with different information. The aim is to obtain clearer information about financial conditions. Income statement: To explain how different income streams have performed. Types of Financial Statements. Financial statements are majorly used by investors, entity’s management, shareholders, significant consumers, significant vendors, stock exchanges, government authorities, and other related stakeholders.