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Financial Statements
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Income Statement
Purpose: To show profitability over a specific period of time. Components: Revenue, Expenses, Net Income.
Balance Sheet
Purpose: To display the company's financial position at a specific point in time. Components: Assets, Liabilities, Shareholder's Equity.
Cash Flow Statement
Purpose: To provide insights into the company's cash inflows and outflows over a period. Components: Cash from Operating Activities, Investing Activities, Financing Activities.
Statement of Changes in Equity
Purpose: To show changes in the ownership interest over a period. Components: Opening Equity, Comprehensive Income, Dividends, Closing Equity.
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