This report uncovers the financial performance of an organisation for the entire reporting period. It starts with sales, and after that subtracts all expenses incurred during the period to arrive at a net profit or loss.
This report demonstrates the budgetary position of a business as of the report date (so it covers an explicit point in time).
Statement of cash flows
This report uncovers the cash inflows and outflows experienced by an organisation during the reporting period.Statement of changes in equity
This report documents all changes in equity during the reporting period. These progressions incorporate the issuance or purchase of shares, dividends issued, and profits or losses. At the point when issued to clients, the first kinds of budget reports may have a number of footnote disclosures attached to them. These extra notes illuminate certain outline level data exhibited in the financial statements and might be very broad.
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