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Financial Statements

In: INTRODUCTION TO FINANCE Financial Management and Investment Management

Author

Listed:
  • Pamela P. Drake
  • Frank J. Fabozzi
  • Francesco A. Fabozzi

Abstract

Financial statements are summaries of the operating, financing, and investment activities of a business. Financial statements should provide information useful to both investors and creditors in making credit, investment, and other business decisions. This usefulness means that investors and creditors can use these statements to predict, compare, and evaluate the amount, timing, and uncertainty of future cash flows. In other words, financial statements provide the information needed to assess a company’s future earnings and, therefore, the cash flows expected to result from those earnings. In this chapter, we discuss the four basic financial statements: the balance sheet, the income statement, the statement of cash flows, and the statement of shareholders’ equity.

Suggested Citation

  • Pamela P. Drake & Frank J. Fabozzi & Francesco A. Fabozzi, 2022. "Financial Statements," World Scientific Book Chapters, in: INTRODUCTION TO FINANCE Financial Management and Investment Management, chapter 4, pages 77-100, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811241284_0004
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    More about this item

    Keywords

    Financial Management; Investment Management; Derivatives; Common Stock; Bonds; Company Analysis; Entrepreneurial Finance; Financial Instruments; Financial System; Financial Statements; Time Value of Money; Yields; Present Value; Future Value; Financial Strategy; Dividend Policy;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G3 - Financial Economics - - Corporate Finance and Governance
    • N2 - Economic History - - Financial Markets and Institutions
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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