All-Purpose Financial Statement

  

The all-purpose financial statement is actually a group of documents, each one detailing part of a company's performance. Think of the statement as a packet of information meant to detail a company's health. The information included is of a relatively general nature, usually meant for groups like investors or lenders.

Several components generally make up the all-purpose financial statement:
1. Balance Sheet
2. Statement of Cash Flows
3. Income Statement
4. Statement of shareholder equity

Other items might show up as well, including things like auditors' reports and any disclosure statements.

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what is an income statement I made money yeah that's an income statement and it's [Man jumping up as money rains down]

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actually not all that far off from what accountants lawyers bankers and other

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forms of humans who count beans call an income statement well cleverly named an

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income statement is a statement of income it just states how you made your [Two guys stood at a food stall]

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to drink liquefied potatoes then you had to rent space for your stand and buy

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insurance and advertise and that abnoxious mascot in the potato costume

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you had five million in revenue and three million in expenses and this [revenue of french fries smoothie stand]

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number right here that's your pre-tax or operating profit

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grand and blammo that 1.4 million is your net income or [net income figure for business]

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after-tax profit this whole thing right here is your income statement and yeah [income statement for french fries smoothie business]

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