Statement of Cash Flows

Statement of Cash Flows

Shows how changes in Income Statement and Balance Sheet accounts
affect cash and cash equivalents during an accounting period.
• A Cash Flow Statement breaks the analysis down according to
operating, investing and financing activities.
• Also referred to as a ‘Statement of Cash Flows’

Balance Sheet

Balance Sheet

Shows the status of an entity’s assets, liabilities and owner’s equity at a
point in time, usually the close of a month.
• A Balance Sheet provides a snapshot of the entity’s financial position,
including the cumulative results of the Income Statement and Cash
Flow Statement, at a point in time.
• Also referred to as ‘Statement of Financial Position’.

Income Statement Defination

Income Statement

Provide a summary of the revenues, costs and expenses of an entity
during an accounting period.
• An Income Statement is generally used to calculate the Net Profit after
Tax (NPAT) of an entity.
• Also referred to as a ‘Statement of Financial Performance’ or a ‘Profit &
Loss Statement’.