What are the four primary financial statements?

The four primary financial statements are the balance sheet, income statement, cash flow statement, and statement of changes in equity. The balance sheet shows a company's assets, liabilities, and equity at a specific point in time. The income statement shows a company's revenue, expenses, and net income over a period of time. The cash flow statement shows a company's inflow and outflow of cash over a period of time. The statement of changes in equity shows a company's changes in equity accounts during a specific period of time. These financial statements provide valuable information about a company's financial health and performance.

This mind map was published on 22 June 2023 and has been viewed 72 times.