What is a cash flow statement and what is it for? The statement of cash flow, together with the balance sheet (statement of financial position), statement of comprehensive income (income statement), statement of changes in equity, and accompanying explanatory notes to financial … [Read more...]
What are Financial Statements of a Business?
If you’re a business owner and you’re filing your annual income tax, you might be required to attach a financial statement to your income tax return. Likewise, if you are applying for a business loan in your local bank, you will also be required to submit your financial … [Read more...]