Name: Sheena Mae L.

Osias
Course: Bachelor of Science in Business Administration major in Financial Management 2
Subject: Financial Management 1

BALANCE SHEET
- A financial statement that reports a company’s assets, liabilities, and shareholder equity at a specific point in time.
Balance sheets provide the basis for computing rates of return for investors and evaluating a company’s capital
structure.

INCOME STATEMENT
 - A financial report detailing a company’s income and expenses over a reporting period. It can also be referred to as
a profit and loss (P&L) statement and is typically prepared quarterly or annually. Income statements depict a
company’s financial performance over a reporting period.

CASH FLOW STATEMENT

- A financial statement that shows how cash entered and exited a company during an accounting period. Cash
coming in and out of a business is referred to as cash flows, and accountants use these statements to record, track,
and report these transactions.
STATEMENT OF SHAREHOLDER’S EQUITY
- A statement of shareholder’s equity details the changes within the equity section of the balance sheet over a
designated period of time. The report provides additional information to readers of financial statements regarding
equity-related activity during a reporting period.

NOTES TO THE FINANCIAL STATEMENT

- Notes to the financial statements disclose the detailed assumptions made by accountants when preparing a
company’s: income statement, balance sheet, statement of changes of financial position or statement of retained
earnings. The notes are essential to fully understanding these documents.
o General Information
o Accounting Principles Used
NAME: SHADELYN CORAL
COURSE: BSBA-FM2
SUBJECT: FINANCIAL MANAGEMENT 1

BALANCE SHEET
- A financial statement that reports a company’s assets, liabilities, and shareholder equity at a specific
point in time. Balance sheets provide the basis for computing rates of return for investors and
evaluating a company’s capital structure.
INCOME STATEMENT
- A financial report detailing a company’s income and expenses over a reporting period. It can also be
referred to as a profit and loss (P&L) statement and is typically prepared quarterly or annually. Income
statements depict a company’s financial performance over a reporting period.
CASH FLOW STATEMENT
- A financial statement that shows how cash entered and exited a company during an accounting period.
Cash coming in and out of a business is referred to as cash flows, and accountants use these
statements to record, track, and report these transactions.
STATEMENT OF SHAREHOLDER’S EQUITY
- A statement of shareholder’s equity details the changes within the equity section of the balance sheet
over a designated period of time. The report provides additional information to readers of financial
statements regarding equity-related activity during a reporting period.

NOTES TO THE FINANCIAL STATEMENT

- Notes to the financial statements disclose the detailed assumptions made by accountants when
preparing a company’s: income statement, balance sheet, statement of changes of financial position or
statement of retained earnings. The notes are essential to fully understanding these documents.
o General Information
o Accounting Principles Used