Preparation Of Financial Statements

The process of combining accounting data into a standardised set of financials is part of the process of creating financial statements. Management, lenders, creditors, and investors get the finished financial statements and use them to assess a company's performance, liquidity, and cash flows.

Following are the components of financial statements:

  • Statement of Retained Earnings
  • Income Statement
  • Cash flow statement
  • Statement of Retained Earnings
  • Notes to the Financial Statements are all included
Preparation Of Financial Statements

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