Financial Statements
From Open Risk Manual
Revision as of 14:57, 29 March 2021 by Wiki admin (talk | contribs)
Definition
Financial Statements is a collection of disclosures, typically by incorporated legal entities
Common Financial Statements
- The Balance Sheet or Statement of Financial Position offers a snapshot of a company's assets and liabilities at a given point in time.
- The Income Statement or Profit and Loss Statement profit and loss report (P&L report)
- The Cash Flow Statement reports on an entity's Cash Flow
- The Statement of Comprehensive Income, or statement of revenue & expense
- The Statement of Changes in Equity or statement of equity, or statement of retained earnings