Objectives:
The chapter would help the reader to identify the major financial statements provided by the companies and the information in them.
Financial Statements
Financial statements are prepared by the companies and are provided to shareholders. They provide information on the resources or assets available to the management of the company, the financial structure employed to acquire the assets and the performance of the firm in its revenue earning activities. Financial statements are provided on quarterly basis and annual basis. The statements provided on quarterly basis are brief and statements provided on annual basis have more details.
Balance sheet, Income statment and Cash flow statement are the three major financial statements. These statements are explained in more details in various topic knols in this chapter collection.
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Presently existing knols/articles on Knol platform are being collected. They will become part of appendix once original knols forming part of the textbook are written.
