Apart from the balance sheet, other methods to represent a company's financial data include the income statement and the cash flow statement. The income statement provides information about a company's revenues and expenses, giving insight into its profitability. The cash flow statement, on the other hand, shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities. Additionally, some companies use the statement of retained earnings to show changes in the company's retained earnings over time. Furthermore, financial ratios and metrics, such as return on assets (ROA), return on equity (ROE), and debt-to-equity ratio, can also provide valuable insights into a company's financial health.
How to clearly show the performance of your organization with numbers? The three financial statement...
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