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Corporate Financial Statements

  • Writer: ISIS AUDITING
    ISIS AUDITING
  • Aug 18, 2024
  • 1 min read

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Corporate financial statements refer to a set of financial data that are prepared to provide a comprehensive picture of a company's financial position and financial performance over a specific period of time. The main financial statements include:


  1. Income Statement:

    The income statement shows a company's revenues and expenses over a specific period of time, resulting in a determination of net profit or loss.


  2. Balance sheet:

    The balance sheet shows a company's assets, liabilities, and shareholders' equity at the end of a given period of time, providing a snapshot of the company's financial position.


  3. Cash flow statement:

    A cash flow statement summarizes the cash inflows and outflows of a company over a period of time, helping to assess a company's ability to generate cash and meet its financial obligations.


These financial statements are used by investors, shareholders, and financial analysts to evaluate a company's financial performance and make informed investment decisions.

 
 
 

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