Relevant financial information is presented in a structured manner and in a form easy to understand. A balance sheet or statement of financial position, reports on a company’s assets, liabilities, and owners equity at a given point in time. L or profit and loss report, reports financial statement and analysis pdf a company’s income, expenses, and profits over a period of time.
A profit and loss statement provides information on the operation of the enterprise. These include sales and the various expenses incurred during the stated period. A Statement of changes in equity or equity statement or statement of retained earnings, reports on the changes in equity of the company during the stated period.