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Marcela Kane: Three Different Types of
Financial Statements
Marcela Kane is a dedicated tax
professional with over fifteen...
Statement of Cash Flows
The Statement of Cash Flows is
very important to businesses. In
many cases, the Statement of
Cash ...
Income Statement
The income statement presents a summary of
the profit-making activities of an organization
over a certain...
The Balance Sheet
The Balance Sheet typically has two different
sections of information on it. One lists assets
and anothe...
For More Contact us:-
http://twitter.com/kanelantrip
http://weheartit.com/MarcelaKane_Lantrip
https://marcelakane.wordpres...
For More Contact us:-
http://twitter.com/kanelantrip
http://weheartit.com/MarcelaKane_Lantrip
https://marcelakane.wordpres...
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Marcela Kane: Three Different Types of Financial Statements

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Marcela Kane is a dedicated tax professional with over fifteen years of experience who has to work with various financial documents on a regular basis.Business Financial Statements come in three forms. These forms are the statement of cash flows, the income statement, and the balance sheet. These financial statements play a big part in accounting.

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Marcela Kane: Three Different Types of Financial Statements

  1. 1. Marcela Kane: Three Different Types of Financial Statements Marcela Kane is a dedicated tax professional with over fifteen years of experience who has to work with various financial documents on a regular basis.Business Financial Statements come in three forms. These forms are the statement of cash flows, the income statement, and the balance sheet. These financial statements play a big part in accounting.
  2. 2. Statement of Cash Flows The Statement of Cash Flows is very important to businesses. In many cases, the Statement of Cash Flows shows how profitable the business really is. The statement gives business owners an opportunity to analyze their results, typically at the end of the year, and focus their energy on where they can improve their company in order to gain a larger profit.
  3. 3. Income Statement The income statement presents a summary of the profit-making activities of an organization over a certain period of time. This document typically documents six different components of information: Sales revenue, cost of goods sold expense, selling, general, and administrative expenses, interest expense, income tax expense, and net income. An income statement is important because it breaks down the numbers on paper rather than presenting one number that doesn’t really answer any questions or provide any information about where it came from.
  4. 4. The Balance Sheet The Balance Sheet typically has two different sections of information on it. One lists assets and another one lists liabilities. The sections of balance sheets are known as accounts.
  5. 5. For More Contact us:- http://twitter.com/kanelantrip http://weheartit.com/MarcelaKane_Lantrip https://marcelakane.wordpress.com/ https://www.crunchbase.com/person/marcela-kane-lantrip
  6. 6. For More Contact us:- http://twitter.com/kanelantrip http://weheartit.com/MarcelaKane_Lantrip https://marcelakane.wordpress.com/ https://www.crunchbase.com/person/marcela-kane-lantrip

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