The balance sheet reflects the company's assets and liabilities at a certain point in time, which is also the company's wealth.

The income statement reflects the operating conditions of the company during a certain period of time. The greater the revenue and profit, the better the performance of the company.

The appearance of the cash flow statement is mainly to reflect the impact of each item in the balance sheet on cash flow, and is divided into three activity categories: operating, investing and financing according to its purpose. The cash flow statement can be used to analyze whether an organization has enough cash to meet expenses in the short term.

There are two formats for the income statement: single-step income statement and multi-step income statement. A one-step income statement lists all the revenue for the current period together and then lists all the expenses together and subtracts the two to arrive at the net profit or loss for the current period.

The multi-step income statement classifies the income, expenses, and expenditure items of the current period according to their nature, and lists some intermediate profit indicators according to the main links of profit formation, such as operating profit, total profit, Net profit, calculate the net profit and loss for the current period step by step.

The income statement is prepared based on the basic relationship of "revenue-expense = profit". Its specific content depends on accounting elements and contents such as income, expenses, and profits. The income statement items are income, expenses, and The specific embodiment of the content of profit factors.

From the perspective of reflecting the movement of corporate operating funds, it is a report that reflects the dynamic performance of corporate operating funds. It mainly provides information about corporate operating results and is a dynamic accounting statement. Extended information

Non-adjustment events that occur after the balance sheet date of an enterprise usually include the following items:

(1) Major litigation, arbitration, and commitments occur after the balance sheet date.

(2) There are significant changes in asset prices, tax policies, and foreign exchange rates after the balance sheet date.

(3) Major losses in assets due to natural disasters after the balance sheet date.

(4) Issuance of stocks and bonds after the balance sheet date and other huge borrowings.

(5) Capital reserves will be converted into capital after the balance sheet date.

(6) Huge losses occur after the balance sheet date.

(7) Business merger or disposal of subsidiaries occurs after the balance sheet date.

Baidu Encyclopedia - Cash Flow Statement

Baidu Encyclopedia - Income Statement

Baidu Encyclopedia - Balance Sheet