流利说商务英语 Level 6 Unit 1 Part 1(一)Financial Statements

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流利说商务英语 Level 6 Unit 1 Part 1(一)Financial Statements

Definition of financial statements

Financial statements report information on a business's financial activities.

These statements include details on the company's financial results, financial conditions and cash flows.

Financial statements are typically issued quarterly or annually.

The purpose of financial statements

Details about a company's financial performance are reported in its financial statements.

Financial statements provide crucial information for owners and managers to make business decisions.

Investors use financial statements to assess the benefits and risks of investing in a company.

The aim of a financial statement is to provide information about a company’s performance.

The three main types of financial statements

The three main financial statements are the balance sheet, the income statement, and the cash flow statement.

A balance sheet displays the financial position of a company at certain time.

An income statement shows the financial performance of a company over a specific period.

A cash flow statement provides a record of the cash coming in and going out of a company.

The relationship between the financial statements

All three financial statements are interrelated and complementary.

Companies make a balance sheet at the beginning and end of an accounting period. The income statement shows the changes from the beginning to the end of an accounting period.

A cash flow statement gives a summary of the cash and cash equivalents moving in and out of a company.

Together, the three types of financial statements can provide a complete picture of a company's financial situation.

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