Financial statements are accounting statements that reflect the capital and profits of enterprises or budget units in a certain period. The types, formats and reporting requirements of China's financial statements are stipulated by a unified accounting system, requiring enterprises to report regularly. At present, state-owned industrial enterprises should prepare capital statements such as capital balance sheet, special fund and special appropriation table, capital construction loan and special loan table, income statement and product sales profit schedule at the end of the reporting period.
Financial statements include balance sheet, income statement, cash flow statement or statement of changes in financial position, schedules and notes. Financial statements are the main part of financial reports, excluding directors' reports, management analysis and financial statements, which are included in financial reports or annual reports.
Extended data:
The financial statements are mainly composed of the following four parts:
1, balance sheet. The balance sheet is a report that generally reflects the financial status of the accounting entity on a specific date (such as the end of the year, the end of the quarter and the end of the month).
2. Income statement. Income statement, also known as income statement and income statement, is an accounting statement that generally reflects the operation and distribution (or compensation) of an enterprise in a certain accounting period (such as year, quarter and month).
3. Statement of changes in financial position. The statement of changes in financial position is an accounting statement that reflects the source, channel and application direction of funds in a certain accounting period (usually annual), and it is a statement that comprehensively reflects the causes and results of changes in financial management process and financial position of enterprises.
4. Notes to the financial statements. Notes to financial statements are explanations of the basis, basis, principles and methods of preparation and main items of financial statements in order to facilitate users to understand their contents.
Baidu Encyclopedia-Financial Statements