Financial Statements (Examples) | Top 4 Types of Financial Statements

Описание: In this video on Financial Statements, here we discuss 4 types of financial statements – balance sheet, income statement, cash flows and statement of changes in shareholders equity along with practical examples.

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭𝐬?
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Financial statements are the exact picture of a firm's affairs in a given year.

The financial statements are prepared by using the financial data gathered by the accountants or financial analysts of the firm.

𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭𝐬
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The following are 4 types of financial statement

#1 - Balance Sheet

The balance sheet is a financial statement that gives an overview of the assets, the liabilities, and the equity of the shareholder.

When you prepare a balance sheet, the equation you need to remember is as follows -

Assets = Liabilities + Shareholders Equity

#2 - Income Statement

The income statement is the next financial statement that should be examined by everyone. It looks different from the balance sheet.

Income Statement is about the revenue and expenses.

#3 - Cash Flow Statement

The third most important statement each investor should look at is the cash flow statement.

There are three separate statements of a cash flow statement. These statements are cash flow from the operating activities, cash flow from investing activities, and cash flow from finance activities.

#4 - Statement of Changes in Shareholders Equity

Statement of Changes in Shareholders Equity is a financial statement that summarizes changes in the equity of the shareholder over a specified period of time.

To know more about 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭𝐬, you can go to this 𝐥𝐢𝐧𝐤 𝐡𝐞𝐫𝐞:- https://www.wallstreetmojo.com/financ...

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