FINANCE

1. FINANCIAL STATEMENTS
Management accounting
12-102
AMANPREET KAUR

2. WHAT ARE FINANCIAL STATEMENTS ?
 A FINANCIAL STATEMENT OF RECORD OF THE
FINANCIAL ACTIVITIES OF THE BUSINESS,
PERSON, OR OTHER ENTITY.
 RELEVANT FINANCIAL INFORMATION IS
PRESENTED IN A STRUCTURED MANNER AND
IN A FORM EASY TO UNDERSTAND.

3. TYPES OF BALANCE SHEET
BALANCE SHEET
INCOME
STATEMENT
STATEMENT OF
CASH FLOW

4. BALANCE SHEET

5. INCOME STATEMENT

6. CASH FLOW

7. FUND FLOW
 STATEMENT OF WORKING CAPITAL CHANGE
 STATEMENTS OF FUNDS FROM OPERATIONS
 STATEMENT OF SOURCES AND APPLICATION
OF FUNDS

8. ADVANTAGES OF FINANCIAL STATEMENTS
LIQUIDITY
PROFITABILITY EFFICIENCY
LIMITS

9. DISADVANTAGES OF FINANCIAL
STATEMENTS
MISLEAD THE
USERS
NOT USEFUL FOR
PLANNING
COMPARISION
NOT POSSIBLE
WRONG
JUDGEMENT
QUANTITATIVE
ASPECTS