Types Financial Reporting.pptx

Types Financial Reporting Bhakti D. Kolapkar. TY BBA-IB roll no.- 115

Financial Report • It is a set of documents of financial activities of a business, person or other entity by Government agencies at the end of an accounting period. Financial report generally containt a summury of accounting data for that period, with bacground notes , forms and other information. • There are four types of financial reporting :1. Balance Sheet 2. Incone sheet 3. Cash flow satement 4. Satement of retain earing

1. Balance sheet • A balance sheet shows the assets, liabilities and shareholders equity at a specific movement. • the balace sheet is balanced on following equetionASSETS = LIABILITIES + OWERS EQUITY • Balance sheet is to help the organisation to calculate the all there assts liability and the assets of the comapny.

2.Income statement • An income statement show how much the company made in a particualr time period such as last month, last querter or last year. • this statement also substracts expences such as depreciation and any item that were return. • for the income statement companies made the profit and loss account.

3. Cash flow statement • repot on a company cash flow activites, chiefly its operation, investing and financing activites. • the cash flow statement revels all resources and uses of company money during a accounting period.

4. Statement of retaining earning • the statment of retaining earning explains the changes in retain earing from income and loss from any devidends over a specific period. • this means that statement of retaining earning report the change in retained from being to end of a time period usuaaly a year.

• Thank you