Financial Statements

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Business Finance

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List the four financial statements and explain each one. What does each statement tell us? Provide an example of each statement using the Bank Of America's annual report. Next, explain the connections between the financial statements. APA format

Annual Report. (2017). http://www.annualreports.com/HostedData/AnnualRepo...


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Running head: FINANCIAL STATEMENTS

Financial Statements
Student’s Name
Institutional Affiliation
Date

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FINANCIAL STATEMENTS

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Financial Statements

Introduction
In business, firms should have financial statements prepared by the accounting
department. Financial statements are written records that are formatted in a specific manner.
They show the business transactions, operations, and activities in a particular corporation.
Also, the financial statements indicate the financial position of a company or an individual.
Therefore, financial statements are crucial documents that provide vital information regarding
a firm's or an individual's financial activities and financial position. Typically, financial
analysts are interested in four financial statements in a company. The financial statements
include balance sheets, income statements, statement of cash flow and statement of retained
earnings (Bragg, 2017). The financia...


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