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The three main types of financial statements are the balance sheet, the income statement, and the cash flow statement. These three statements together show the assets and liabilities of a business, revenues, and costs, as well as its cash flows from operating, investing, and financing activities.
Extra-financial performance, also known as non-financial performance, refers to the measurement and evaluation of a companys activities and impact beyond purely financial metrics. This includes environmental, social, and governance (ESG) factors, as well as corporate social responsibility (CSR) initiatives.
For-profit businesses use four primary types of financial statement: the balance sheet, the income statement, the statement of cash flow, and the statement of retained earnings.
Simply put, financial information is anything related to the financial activities and performance of a business. This information is often collected through financial statements or reports covering a specific aspect of a businesss finances, such as cash flow and profitability.
The usual order of financial statements is as follows: Income statement. Cash flow statement. Statement of changes in equity. Balance sheet. Note to financial statements.