A Financial statement is a formal record of company’s financial activity. These plans give a current landscape of your small business and forecast the future vision and plans of the business. Many parties are interested in Financial statement of organization like Shareholders, Directors, Investors, Creditors, Bankers, Government, Statutory authorities etc. Financial statements are key part of a business plan that will help your business to attract an investor or a banker to obtain the funds.
Financial Statements are:
- Balance Sheet
- Income Statement
- Cash Flow / Fund Flow Statement