Financial Statements
From Open Risk Manual
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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 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