the best edition on financial_research

May 28th, 2015
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Aberystwyth University
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Financial Statements and its components: A financial statement is a formal record of the financial activities of a business, person, or other entity. For a business enterprise, all the relevant financial information, presented in a structured manner and in a form easy to understand, are called the financial statements. They typically include four basic financial statements, accompanied by a management discussion and analysis: i) Statement of Financial Position: also referred to as a balance sheet, reports on a company's assets, liabilities, and ownership equity at a given point in time. An Interpretation of the balance sheet is that on one side are the assets that have been purchased to be used to increase the profit of the firm. The other side indicates how these assets were acquired, either by borrowing or by investing the owner’s money. ii) Statement of Comprehensive Income: also referred to as Profit and Loss statement (or a "P&L"), reports on a company's income, expenses, and profi

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Financial Statements and its components:A financial statement is a formal record of the financial activities of a business, person, or other entity. For a business enterprise, all the relevant financial information, presented in a structured manner and in a form easy to understand, are called the financial statements. They typically include four basic financial statements, accompanied by a management discussion and analysis:i) Statement of Financial Position: also referred to as a balance sheet, reports on a company's assets, liabilities, and ownership equity at a given point in time. An Interpretation of the balance sheet is that on one side are the assets that have been purchased to be used to increase the profit of the firm. The other side indicates how these assets were acquired, either by borrowing or by investing the owner's money.ii) Statement of Comprehensive Income: also referred to as Profit and Loss statement (or a "P&L"), reports on a company's income, expenses, and profits over a period of time. A Profit & Loss statement provides information on the operation of the enterprise. These include sale and the various expenses incurred during the processing state.iii) Statement of Changes in Equity: explains the changes of the company's equity throughout the reporting period.iv) Statement of cash flows:statement of cash flows provides a summary of the firm's operating, investment, and financing cash flows and reconciles them with changes in its cash and marketable

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