Financial Statements

4 FINANCIAL STATEMENTS
INCOME STATEMENT - summary of revenue and expenses.

STATEMENT OF CHANGES IN OWNER’S EQUITY - summary of changes

in equity.

BALANCE SHEET - lists of assets, liabilities, and owner’s

equity.

STATEMENT OF CASH FLOW - summary of cash flow and cash

receipts.

— header format for every financial statements:

COMPANY’S NAME

TYPE OF FINANCIAL STATEMENT

DATE ENDED

INCOME STATEMENT

↳ revenues + expenses = profit

Revenues XX
(Expenses) XX
Profit XX

Financial Statements 1
 STATEMENT OF CHANGES IN EQUITY

↳ (initial investment + additional investment + profit) -

withdrawals = owner’s capital, ending

Owner’s Capital, Beginning XX

Additional Investment XX
Profit XX
Total XX
(Withdrawals) XX
Owner’s Capital, Ending XX

BALANCE SHEET

↳ total assets = total liabilities + ending capital

Current Assets XX
Non-Current Assets XX
Total Assets XX

Current Liabilities XX

Non-Current Liabilities XX
Total Liabilities XX

Owner’s Equity (ending capital) XX

Total Liabilities + Owner’s Equity XX

Financial Statements 2
 STATEMENT OF CASH FLOW

↳ operating - short term expenses

↳ investing - purchases for long run, equipment

↳ financing - owner’s equity

Cash Flow from Operating Activities

Title XX
Title XX

(total) Net cash provided XX

Cash Flow from Investing Activities

Title XX

Title XX
(total) Net cash provided XX

Cash Flow from Financing Activities

Cash Investment XX
(Withdrawals) XX

(total) Net cash provided XX

Net Increase in Cash XX

Cash Balance at the beginning of the period XX

Cash Balance at the end of the period XX

— 𝓵𝓪𝓵𝓪𝓲𝓷𝓮

Financial Statements 3