Four Primarily Financial Statements

What are the primarily financial Statements? According to our Textbook Quantitative Decision Making says the four primarily statements used by companies are the following, (1). Balance Sheet, (2), Income statement, (3). Statement of Stockholders and (4). Statement of Cash Flow. This statement summarizes the financial activates of the business they can be prepared at any point such as at the end of year, quarter or monthly. To break down each one of these Financial Statements are the following. (Quantitative approaches to managerial decision making. P.G. 9-50).

(1). Balance Sheet- is to report the financial position of an accounting entity at a point and time. On the Balance Sheet, specifically the heading identifies four things, name of entity, the tittle of the statement, specific date of that statement and unit of measures such as dollar amounts. (2). Income Statement- the statement of income of earnings or statement of operations this statement primarily measures the performance of a business revenues, less expense during the account period. (3). Statement of Stockholders- reports the way that the net income and the distribution of dividends effected the financial position of the company during the accounting period. (4). Statement of Cash Flow- its ability to generate from sales of disk drives the cash

In the Balance sheet the information I found in our textbooks was, name of entity, tittle of statement, date of statement and the unit of measures. Statement if Cash Flow, amount of cash flow, amount owed by customers, ingredients and beverage ready for sale, factory’s, production equipment and land. Income Statement, the information says cash and promises received from sale of beverages, cost of produce beverages, and sold operating expense. Statement of Cashflow, cash flows directly related to income, cash flows from buying things. (Quantitative approaches to managerial decision making. P.G.