Types of financial statements

Financial statements provide a picture of the performance, financial position, and cash flows of a business. These documents are used by the investment community, lenders, creditors, and management to evaluate an entity. There are four main types of financial statements, which are noted below.

The Income Statement

The income statement reveals the financial performance of an organization for the entire reporting period. It begins with sales, and then subtracts out all expenses incurred during the period to arrive at a net profit or loss. An earnings per share figure may also be added if the financial statements _______ _________ ___ ________ ___ _______ _________ ______ _________ ___ __________ __________.
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