PART 4 – The Core 3 Financial Statements Compared

 Balance SheetIncome StatementStatement of Cash Flow
PurposeNet WorthProfitabilityLiquidity & Solvency
Reporting PeriodAs of Point in TimeFor the Period EndedFor the Period Ended
Elements– Assets
– Liabilities
– Equity
– Revenue
– Gains
– Expenses
– Losses
– Net Income
– Beginning Cash Balance
– Sources of Cash
– Uses of Cash
– Ending Cash Balance
Sections– Current Assets
– Non-Current Assets
– Current Liabilities
– Non-Current Liabilities
– Owner’s Equity
– Retained Earnings
– Revenue
– Operating Expenses
– Non-operating Expenses
– Gains
– Losses
– Income Taxes
– Net Income
– Cash Flow from Operating Activities
– Cash Flow from Investing Activities
– Cash Flow from Financing Activities
– Net Increase/(decrease) in Cash

Leave a comment

Your email address will not be published. Required fields are marked *