The key financial statements that provide critical information about a company's financial performance and position are the income statement, balance sheet, and cash flow statement. The income statement shows a company's profits and losses over a period of time. The balance sheet reveals a company's assets, liabilities, and equity at a given point in time to understand its financial status. The cash flow statement measures a company's liquidity and ability to pay expenses to determine profitability and long-term outlook.

1. Key Financial Statement
BY:LIKHITH AND SUDESH

2. What is the key financial statement
A key financial statement is a document
that provides critical information about a
company's financial performance or
position.

3. What are the key financial statement
 Income Statement
Balance Sheet
Cash Flow Statement

4. Purpose
To provide information about financial position
To provide information about performance of company
To provide information about the changes in financial
position of an enterprise that is useful to a wide range of
users in making economic decision

5. Income Statement
Income statement is a financial statement that
shows you the companies income and expenditure
It also shows whether a company is making profit or
loss for a given period
The income statement commonly known as profit
and loss statement

6. Balance sheet
•The purpose of balance sheet is to reveal the financial
status of an organization
•It determines the companies ability to pay obligation
•The information in a balance sheet provides an
understanding of the short term financial status of the
organisation

7. Cash Flow Statement
oIt is valuable measures of strength profitability
and the long term future out look of a company
oIt can help to determine whether a company
has enough liquidity or cash to pay its expenses