Financial Statements
Financial Statements : A financial data report on a corporation or organization, detailing among other things, the: Balance Sheet: A statement showing the nature and amount of a company's assets, liabilities and owner's equity or net worth on a given date. It is often referred to as a snapshot of the company's financial standing at an instant in time. Earnings Statement/ Profit and Loss Statement: A statement of revenues and costs over a financial period. Retained Earnings Statement - A record of the profits that have been kept in the business year after year. Statement of Changes in Financial Position - A statement of the source of funds and the use of those funds during a financial period
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