Accounting Cycle AND Financial Information

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ACCOUNTING CYCLE


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FINANCIAL INFORMATION

STATEMENT OF FINANCIAL POSITION (BALANCE SHEET)

Presents a company's position when it comes to the resources its own claimed against it.

STATEMENT OF COMPREHENSIVE INCOME (INCOME STATEMENT)

Tells the reader about the (beginning stake) performance and activities of the company for a certain period.

STATEMENT OF CHANGES IN EQUITY

Tells the reader about the beginning stake of the owner (beginning capital), any additional investment withdrawal of resources and share in net income or net loss.

STATEMENT OF CASH FLOWS

Tells a specific story about the cash transactions of the company.

ABM (BASIC ACCOUNTING)Où les histoires vivent. Découvrez maintenant