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Sample Business Financial Statement And Templates

Financial statements are records that provide an indication of an individual, organization or business. There are four basic types of financial statements: balance sheets, income statements, cash-flow statements, and statements of retained earnings.

Financial statements are crucial instruments they provide information used by company's management, creditors and investors for analysis to make better decisions. They pore over the numbers and create every ratio imaginable in an effort to create the most accurate financial story possible. However, because of selective reporting of economic events as well as non-comparable accounting methods and estimates, financial statements are only an approximation of reality.

Business financial statements are usually compiled on a quarterly and annual basis, which are used by both internal and external users. Internal users are owners, managers and shareholders.

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