Accounts in English Financial Statements Financial Statements Income

Financial Statements • Income statement. • Retained earnings statement. • Cash flow statement. •

The income statement is a summarization of the company's revenue and expenses transactions for

Retained earnings statement of retained earnings, prepared to assists in the assessment of overall

The Statement of Cash Flow (SCF) • The purpose of the (SCF) is to

Balance Sheet. The purpose of the balance sheet sometimes referred to as the statement

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Accounts in English Financial Statements

Financial Statements • Income statement. • Retained earnings statement. • Cash flow statement. • Balance Sheet.

The income statement is a summarization of the company's revenue and expenses transactions for a period of time. It is particularly important for the company's owners Creditors and other interested parties to understand the income statement ultimately the company will succeed or fail based on it ability to earn revenue in excess of it expenses. The income statement result was net income, the net income is not amount of money received, rather is a measure of economic performance. Methods of preparing Income Statement: 1 - Single step income statement. 2 - Multiple Step Income Statement When Income statement.

Retained earnings statement of retained earnings, prepared to assists in the assessment of overall performance by. Providing additional information on why net assets increase or decrease during the period.

The Statement of Cash Flow (SCF) • The purpose of the (SCF) is to provide information about the cash receipts and cash disbursements of an enterprise that occurred during a period similar to the income statement it is a change statement, summarizing the transaction that caused cash to change during a reporting period. There are two methods to prepare (SCF) indirect Method and (SCF) classifies all transaction affecting cash in to three categories: 1. Operating activities. 2. Investing activities. 3. Financing activities.

Balance Sheet. The purpose of the balance sheet sometimes referred to as the statement of financial position, it is report a company's financial position on a particular date. unlike the income statement which is a change statement reporting events that occurred during a period of time, the balance sheet presents an organized array of assets liabilities and shareholders' equity at appoint in time there are three elements in balance sheet (assets, Liabilities, shareholders)