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Any Financial Report is complete only if it has a few basic tenets that have to be met at all costs to look like a report, and they are:
(1) balance sheets
(2) income statements
(3) cash flow statements
(4) A statement of shareholders' equity.
Any company's financial sheet shows balance sheet. at a fixed point in time. Whereas in any of the income statements produced in an organisation reflects the profits of the company as well as its expenditure over a time.
However, the Financial Report writing does not end here, and it also requires the balance sheet lists. The balance sheet list contains
The three together are made available in three columns in completing any financial report writing.
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