Financial Statements
From Financialjargon
Contents |
Definition of Financial Statement
The collection of formal financial records of a business’s activity.
Types of Financial Statements
- Balance sheet (statement of financial position)
- Income statement (Profit and Loss account / P&L
- Statement of cash flows (cash flow statement)
- Statement of retained earnings (statement of shareholders’ equity):
Financial Statement Terms
- Asset
- Capital Employed
- Contingent liability
- Cost of Goods Sold
- Cost of Sales
- Creditors
- Cash assets
- Current Assets
- Current liabilities
- Debtors
- Exceptional item
- Fixed Assets
- Gross margin
- Gross profit
- Intangible Assets
- Liability
- Net profit
- Operating expenses
- Operating profit
- Retained earnings/profits
- Revenue (alternatively, sales or turnover)
- Share capital
- Share premium account
- Shareholders' funds-Equity
- Stock
- Taxable profits
- Year-end