Financial statement: example
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A straightforward example of a financial statement appears below. It highlights:
- the relationship between the income statement and the statement of retained earnings
- the relationship between the statement of retained earnings and the balance sheet (shareholders’ [owners’] equity)
- the balance that exists between the assets, and the total liabilities and shareholders’/owners’ equity (Assets = Liabilities + Shareholders’ Equity)
For a more in-depth look at financial statements, see those provided from Research in Motion’s (RIM’s) 2008 fiscal year.
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Cash flow: How money enters and leaves a company Money moves through a company (“cash flow”) via three main channels: operations, financing and investing.
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