income statement

The income statement explains the company’s operating activities for a whole period. The balance sheet notifies you how financially sound a company is. The income statement provides a solid foundation for forecasting the future profits of a firm.

Cash Flow Statement

Cash Flow Statement Definition and Explanation of Cash flow statement: The purpose of the statement of cash flows is to highlight the major activities that directly and indirectly impact cash flows and hence affect the overall cash balance. Managers focus on cash for a