ECCB Micro-Business Simulation Workshop Presentations

The financial statements are a record of the financial activities of a business. Each having a specific purpose for financial reporting. THREE KEY FINANCIAL STATEMENTS

Balance Sheet/ Statement of Financial Position

Shows a snapshot of a company's assets, liabilities, and equity at a specific point in time (e.g. March 31st, 2023).

Income Statement/Statement of Operations, Profit and Loss Statement, P&L

Shows a company's revenue, expenses, and net income over a period of time (month, quarter, year).

shows the movement of cash in and out of a business over a specific period of time, typically monthly, quarterly, or annually. It is divided into three main sections: operating activities, investing activities, and financing activities.

Statement of Cash Flows/ Cash Flow Statement