Financial Statements: Wealth Starts With Your Personal Financial Statements
- Topics:
- Financial Statements
- Tags:
- Finance,
- Financial,
- Financial Accounting,
- Financial Planning,
- Financial Statement,
- Financial Statements,
- iSnare.com
- Source:
- iSnare.com
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Overview: Financial statements generally take the form of records of the financial performance of a business. They provide information about the profitability and general financial health of the organisation. An income statement, also called a Profit and Loss Statement, shows how a company's sales or revenue translate into profit (net income) over a specific period (normally one year). A balance sheet, also known as a statement of financial position, is a summary of what an entity is worth at a particular point in time. A cash flow statement is a summary of a company's ingoing and outgoing money over a specific period (normally one year).
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Format: HTML | Date: May 2008 | Pages: 6
