Balance sheet financial reports. 06/20/2017; 2 minutes to read Contributors. In this article. This article describes the default reports for balance sheets. It also describes the building blocks that are associated with these reports. Default balance sheet reports. There are two default balance sheet reports. On one report, the sections are stacked.
The statement of cash flows is one of the main financial statements. (The other financial statements are the balance sheet, income statement, and statement of stockholders' equity.) The cash flow statement reports the cash generated and used during the time interval specified in its heading.
An income statement is one of the three major financial statements that reports a company's financial performance over a specific accounting period. An income statement is one of the three major financial statements that reports a company's financial performance over a specific accounting period.
The statement of cash flows is one of the main financial statements. (The other financial statements are the balance sheet, income statement, and statement of stockholders' equity.) The cash flow statement reports the cash generated and used during the time interval specified in its heading.
Statement of changes in equity helps users of financial statement to identify the factors that cause a change in the owners' equity over the accounting periods.
The statement of stockholder's equity, often called the statement of changes in equity, is the second financial statement prepared in the accounting cycle. This statement displays how equity changes from the beginning of an accounting period to the end.
The statement of retained earnings reconciles the beginning and ending retained earnings for the period, using information such as net income from the other financial statements. A financial statement outlining the changes in retained earnings for a specified period.