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== == The exact information given can differ according to the accounting standards used in creating financial accounts.
But generally it will give you three main statements.
1. There is a statement of the revenues earned and the expenses incurred in the last financial period. The result is the net profit or loss. The financial period often consists of a year.
2. The Balance Sheet provides the information about the overall position of the company. It shows the assets of the companies and the liabilities of the company. It tells you how the company is financed and the structure of the company's financial position.
3. The cash flow statement begins with the company's "cash and cash equivalents" and then goes on to calculate the real cash inflows and outflows. This is necessary as the profit made is not equal to the cash increased. Cash is like a blood in company.
Apart from these, there is a statement of equity and the notes to the statements. These go further into the details of company's affairs.
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Which type of accounting information is intended to satisfy the needs of external users of accounting information?
Financial accounting
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Commerce objective type questions with answers?
Plesea send Financial Accounting Objective type quesition.
