Financial statements

In this section, we’ll explain various aspects of preparing the financial statements. By the end of this section, you will be able to develop sound concepts regarding the complete set of financial statements including notes to the financial statements.

Following chapters are included in this section:

  1. Components of financial statements
  2. Users of financial statements
  3. Comparative information
  4. Balance sheet
  5. Three column balance sheet
  6. Income statement
  7. Earnings per share
  8. Income statement with discontinued operations
  9. Operating segments
  10. Example – Identification of reportable segments
  11. Sample segment reporting note to the financial statements
  12. Statement of comprehensive income
  13. Statement of changes in equity
  14. Statement of cash flows
  15. Direct vs indirect methods of cash flow statement
  16. Example – Direct method of cash flow statement
  17. Example – Indirect method of cash flow statement
  18. Financial reporting framework
  19. Notes to the financial statements