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What are the 5 basic financial statements?

The income statement, balance sheet, and statement of cash flows are all required financial statements. These three statements are informative tools that traders can use to analyze a companys financial strength and provide a quick picture of a companys financial health and underlying value.

What are the 3 key financial documents?

Balance Sheet. This report summarizes the following: Income Statement (Profit and Loss Statement) Cash Flow Statement. Bank Reconciliation Report. Aged Debtors Report. Aged Creditors Report. Report on Financial Ratios. Collection Report.

What are the top 3 financial documents?

Key Highlights. The three core financial statements are 1) the income statement, 2) the balance sheet, and 3) the cash flow statement. These three financial statements are intricately linked to one another.

What are 5 examples of financial documents?

You can also request them from your bookkeeper, certified public accountant (CPA), or tax professional. Profit and loss (PL) statement. Cash flow statement. Balance sheet. Tax returns. Accounts receivable/accounts payable.

What are the different forms of financial statements?

But if youre looking for investors for your business, or want to apply for credit, youll find that four types of financial statementsthe balance sheet, the income statement, the cash flow statement, and the statement of owners equitycan be crucial in helping you meet your financing goals.