Accounting

Understanding Financial Statements: The Income Statement

The income statement is one of the three main financial statements (along with the balance sheet and the cash flow statement) that report on a company\’s financial results for a particular accounting period. Financial reports are essential for both financial modeling and accounting. Cash Flow Statement Cash Flow Statement The cash flow statement contains information …

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Understanding Financial Statements: The Balance Sheet

Balance Sheet Model This balance sheet model provides the basis for building your company\’s balance sheet, which shows your total assets, liabilities, and net worth. A balance sheet is a type of financial statement that describes specific business assets and liabilities in addition to equity on a specific day. The balance sheet is part of …

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