What is a financial statement?

Answer 1

it is combined statement of parent company and subsidary company

Answer 2

Generally speaking, a financial statement could be any form that has financial information on it.

I will assume that this question is directed more towards a company's financial statements, or financial statements posted on financial websites about a company. They all show different aspects of a company's financial health.

The three most commonly looked at statements are:

the balance sheet,

the cash flow statement and

the income statement.

The balance sheet shows how much a company has or owes at one particular point in time. It's like a photograph taken at one point in time of the company's finances. It will typically show how much cash, payments due, inventories and property the company has. It also shows what a company owes in the form of loans and payments to others.

When the company's obligations are subtracted from the assets, the leftover is what the owners, or shareholders　portion.

The cash flow statement show how a company has gotten and used cash over a period of time, usually either a quarter or a year.

The income statement shows how a company has spent it's revenues over a certain period of time. After all of the company's expenses have been taken off, the final line shows how much the company has made as income.

For more detailed information, see:

http://www.investopedia.com/university/

Answer 3

Financial statement analysis is the process of examining relationships among financial statement elements and making comparisons with relevant information. It is a tool in decision-making processes related to stocks, bonds, and other financial instruments.

Answer 4

Financial statements are the end product of whole accounting process. These shows us the profitability of the business concern and the financial position of the entity at a specified date.