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FS Reporting

The way companies depict their financial performance and health to investors.

Income statement: Financial performance in terms of operational gains / losses over a period of time.

Balance sheet: Financial health of a firm in terms of assets and liabilities as on date.
Owners' equity = Assets - Liabilities.

Cash flow statement: Cash inflow & outflow for a period of time Cash flow = operating + investing + financing cash flow.

Footnotes: Disclosures to provide detailed information like accounting methods, assumptions, legal actions, contingencies, sales to related parties.

Management Discussion & Analysis: Assessment of financial performance discussion on industry trends, capital resources, general business overview discussion on accounting policies requiring significant judgments.

Auditor's opinion: Unqualified opinion by auditor indicates statements are free from material omissions & errors

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