1. Financial Statements How profitable is the company,?
What resources does it have and are these resources funded by debt?
How well is it managing cash, what are the sources and uses of cash?
Will information be given monthly, quarterly, semi-annually or annually?

2. Statements designed for a particular accounting period
Income Statement
Cash Flow statement
Revenues earned
Expenses incurred
Multi -Purpose statements
Prepared each month, quarter, six month period or at least once a year
Prepared from an adjusted trial balance
Historical
GAAP
Operating cash flows
Investing cash flows
Financing cash flows
Multi-purpose statements
Prepared each month, quarter, six month period or at least once a year
Prepared from journal entries/ Cash ledger (or analyzing other statements)
Historical
GAAP

3. Balance Sheet
At one specific moment of time, such as “as of January 31st 2XXX”
Prepared at least at the end of each yearly accounting period
Shows ending balance for each asset or resource owned
Shows ending balance for each debt owed
Shows ending balance for each stockholder’s equity account
Historical
Prepared from an adjusted trial balance