There are three types of financial statements for businesses: income statement, balance sheet and cash flow statement. Each of these financial statements shows a different aspect of the business.

Meagan is a former Series 7 financial advisor and current writer focused on blending straightforward information with a dose of humor on topics including equity investments, insurance products, and ...

Financial statements are written records of a business’s financial situation. They include standard reports like the balance sheet, income or profit and loss statements, and cash flow statement. They ...

U.S. law allows for four forms of business organizations: sole proprietorships, partnerships, limited liability companies and corporations. According to Corporate Finance Institute, a sole ...

What are income statements or financial statements? Learn about income statement with sales revenue, cost of sales, expenses and gross/net profit or loss. What is a statement of financial position?