Statements

Definition Financial Statements represent a formal record of the financial activities of an …

What are Financial Statements? Read More »

The objective of financial statements is to provide information about the financial …

Purpose of Financial Statements Read More »

Explanation Financial Statements reflect the effects of business transactions and events on …

Relationship between Financial Statements Read More »

Definition Statement of Changes in Equity, often referred to as Statement of …

Statement of Changes in Equity Read More »

Definition Income Statement, also known as Profit & Loss Account, is a report …

Income Statement | Profit & Loss Account Read More »

Definition Statement of Cash Flows, also known as Cash Flow Statement, presents the …

Statement of Cash Flows Read More »

Definition Statement of Financial Position, also known as the Balance Sheet, presents …

Statement of Financial Position [Balance Sheet] Read More »