Financial statements are the end results of an organization. It visualizes the whole performance of a company in a sort of a document. Organizations are meant to earn economic profit and increase the shareholder’s equity. According to organizational officials, financial statements are the end products of an organization, which are of major concern for the end users like government authorities, shareholders, analysts and upper management of the company. before jotting down the 4 dominant components we have in a financial statement, it is better to define what actually a financial statement is. A financial report or financial statement is a document made by an organization, which usually identifies the performance of a company in terms of flow of money. the main perspective of this assignment is to identify the four components, found in a financial report of a company and how it can be used for different purposes. The four components, which can be found in a financial statement, are: Income Statement, Balance Sheet, Cash Flow Statement and Changes in Owner’s Equity. Each component has its own significance, which has been used by different users in different timeline.

Sruthy Santhosh

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