4 key financial statments:
income stmnt, balance sheet, statement of stockholders' equity, statement of cash flows.
provides a financial summary of the firms operating results during spec. period
summary stmnt of firms finacial position at a given pt in time
Stmnt of Stockholders Equity
shows all equity acct transactions that occured during a given yr
Stmnt of Cash Flows (CF)
provides a summary of the firm's operating, investment, and financing cash flows and reconciles them with changes in its cash and marketable secuitires during the period.
(or) Balance Sheet
Total assets = total liabilities & stock holders equity
curent assets + fixed assets = current liabilities + l-t debt + stockholders equity