Section 1
Introducing Financial Statements
Book
Version 3
By Boundless
By Boundless
Boundless Finance
Finance
by Boundless
3 concepts
Defining the Financial Statement
Financial statements report on a company's income, cash flow and equity.
Uses of the Financial Statement
Financial statements are used to understand key facts about the performance and disposition of a business and may influence decisions.
Limitations of Financial Statements
Financial statements can be limited by intentional manipulation, differences in accounting methods, and a sole focus on economic measures.