Types of Financial Statements

The types of financial statements consist of:
1. Consolidated Balance Sheet
In financial accounting, balance sheet or statement of financial position (balance sheet) is part of the financial statements resulting in an accounting period that shows the financial position at the end of that period. Balance consists of three elements, namely assets, liabilities, and equity.

2. Income Statement
Income statements (Income Statement) is part of the financial statements of a company resulting in an accounting period which outlines the elements of company revenues and expenses resulting in a net profit or loss.

3. Statement of Changes in Equity
In the discussion of financial statements and discussed the balance sheet and income statement and info about this time to discuss the statement of changes in capital accounting. Statement of changes in capital or Statement Of Owners Capital is one of the financial statements that provide information about the causes of increases or reduction in capital during the period specified period. In the statement of changes in capital there are several components including:
a) Initial capital: total funds invested into companies that are used to support the operation of the company at the beginning of the newly established companies or start-up capital position the company in the early months of the year.
b) Profit / loss: The difference between total revenue net of the total cost.
c) Prive: The withdrawal of funds by the owner of the company that used for outside activities / operations that are used for corporate or personal purposes.
d) Capital late: The overall funding is the end result of the addition of the initial capital plus earnings (if you have a profit) or a reduction in initial capital net operating loss (if a loss) is then reduced by the total capital Prive and the results are final.

4. Cash Flow Statement (Cash Flow)
Consolidated cash flow is part of the financial statements of a company resulting in an accounting period that shows the flow of incoming and outgoing money (cash) of the company.

Benefits of cash flow information that is:
a) The cash flow information is useful as an indicator of cash flows in the future, as well as useful to assess the accuracy of estimated cash flows have been made previously.
b) The statements of cash flows also become a tool of accountability cash inflows and outflows during the reporting period.
c) If associated with other financial statements, cash flow statement provides useful information to users in evaluating the changes in net assets / equity funds of a governmental reporting and financial structure (including liquidity and solvency).