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Basic Financial Statements

Basic Financial Statements. Marketing Co-Op. Four Types of Financial Statements. Balance Sheets Income Statements Cash Flow Statements Statement of Shareholder’s Equity. Balance Sheets. Shows what a company OWNS and what it OWES

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Basic Financial Statements

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  1. Basic Financial Statements Marketing Co-Op

  2. Four Types of Financial Statements • Balance Sheets • Income Statements • Cash Flow Statements • Statement of Shareholder’s Equity

  3. Balance Sheets • Shows what a company OWNSand what it OWES • Detailed Information about a companies assets, liabilities and shareholder’s equity

  4. Assets and Liability Assets Liability • Anything of monetary value that you own • Cash • Checking • Savings • Real estate • A debt that you owe to others • Credit cards • School loans • Car payments • Taxes

  5. Shareholder’s Equity • Sometimes called capital or net worth • The money that would be left if a company sold all of its assets and paid off all of its liabilities • Belongs to the shareholders or the owner of the company

  6. Income Statement • Report that shows how much revenue a company earned over a specific time period • Shows the costs and expenses associated with the earnings

  7. Cash Flow Statement • Report a company’s inflows and outflows of cash • Shows changes over time rather than an absolute dollar amount at a given time • Includes the following business activities • Operating Activities • Investing Activities • Financing Activities

  8. Personal Financial Statement • A summary of your current personal financial condition – a snapshot of your finances • It measures your financial progress to date and shows how well you have met your financial obligations

  9. Review • What are the four types of financial statements? • Explain the difference between assets and liabilities. • What is shareholder’s equity?

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