Financial reports provide their end users with a holistic and historical account of the company’s financial health. We provide step by step analysis of financial reports for better learning experience.
- Balance Sheet: Describes the company’s resources and financial obligations including assets, liabilities, and owner’s equity.
- Income Statement: Provides a detailed account of the company’s revenues and expenses.
- Statement of Cash Flow: Demonstrates how changes in the balance sheet and the income statement affect cash and cash equivalents.