What are Financial Statements?

by Willayat
(Quetta, Pakistan)

Q: What are financial statements?

Remember, a statement is a report.

The financial statements are the most important accounting reports of a business.

Financial statements typically include the income statement, statement of changes in owners equity, balance sheet, cash flow statement, explanatory notes and an auditor's report.

For more information on these, browse the lessons on accounting reports.

Click here to post comments

Return to Ask a Question About This Lesson!.

Enjoying this Website?
Help Support it with a Donation


Advertise on Accounting-Basics-for-Students.com

All the lessons on this site and much, much more...

Accounting Basics: Complete Guide

Available Now On

Get Your Degree!

Find schools and get information on the program that’s right for you.

Powered by

Subscribe to
The Student Accountant newsletter

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you The Student Accountant.