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What is included in a company’s financial statements?

At a very high-level, there are 5 key sections to a company’s financial statements. There may be certain other requirements for public companies, NFP’s, or governmental entities. However, the five main components include the balance sheet, income statement, changes in equity, cash flow statement, and the notes to the financial statements.

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  • What are the primary components of the income statement?

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  • What is a balance sheet?

    The balance sheet represents the assets, liabilities, and equity at a point in time (e.g. December 31st, Year 1) and not over a period of time (January 1, Year 1 to December 31st, Year 1). The balance sheet is a key part of a company’s financial statements, along with the income statement and statement of […]