INCOME STATEMENT
Every company needs to keep accurate records of their financial performance for each accounting period. An income statement is basically a financial statement that will measure the financial performance of a company. It will include a summary of all the revenues and expenses incurred throughout
its operation. This will reveal the total net profit or net loss incurred by the company during this time period. Usually it is calculated over a fiscal quarter or a fiscal year.
Read MoreCASH FLOW STATEMENT
This is a special financial statement that outlines all of the revenue and income the company has received from both its regular business operations and outside investment sources. These sources could be stocks, real estate, or any other unexpected revenue that benefits the cash flow of the company
Read MoreSTATEMENT OF FINANCIAL POSITION (BALANCE SHEET) FOR SMALL AND MEDIUM FIRMS
A statement of financial position, or balance sheet, lists all of the assets, capital and
liabilities of a company within a particular date in time. This could be a present date or some previous date from another fiscal time period. A balance sheet will determine a company’s total value and worth.
Read MoreANNUAL ACCOUNTS PREPARATION
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