What do your financial statements say?

09.02.2023

what do your financial statements say

Your financial statements show your company’s performance and ability to generate value for you and your stakeholders. Types of financial statements are:

  • Income statement

Income statement presents the performance of a company over a particular period.It aids to assess your cost centers and to measure the impact of your efforts on your company’s performance.

  • Balance sheet

Balance sheet gives the snapshot of assets, liabilities and equity of your company on a particular date in the order of liquidity.Your balance sheet reveals information about your liquidity and how your assets are financed.

  • Cash flow statement

Cash flow statement reports the generation and utilization of cash over a particular period: presented under operating, investing, & financing activities. Keeping an updated cash flow can help you to predict the future cash flow issues.

  • Statement of shareholder’s equity:

Statement of shareholder’s equity reports the owner’s fund – what the company owes to its owners.It aids to assess whether your company has financing leeway

Notes to accounts and other ancillary statements should also be prepared based on your stakeholders’ requirements.