Accounting

Analysis on Understanding Financial Statements

Analysis on Understanding Financial Statements

General objective of this article is to Analysis on Understanding Financial Statements. Financial statements shown on the next several pages are for any sole proprietorship, which is usually a business owned by anyone. Corporate financial statements tend to be slightly different. The four basic financial statements will be the income statement, statement of owner’s equity, balance sheet, and statement of cash flows. Here briefly analysis on four basic financial statements.