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Financial Statements Graphic Organizer

Savanna Hash

Created on March 6, 2023

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Transcript

Financial Statements

over a period of time typically an annual, quarterly, or monthly basis; large corporations are typically required to prepare this quarterly and annually

over a period of time typically an annual, quarterly, or monthly basis; recommended to prepare monthly

Revenues

Liabilities

Investing activities

Shareholders' equity

Purpose: to show the financial position

Gains

Net Income

Purpose: to show cash movements

Purpose: to show profitability

A "snapshot" of a specific point in time

Operating activities

Financing activities

Losses

Expenses

Assets

Income Statement

Balance Sheet

Cash Flow Statement

End result: Cash Balance

End result: Net Income

End result: Retained Earnings