Budgets and financial statements

It Is A Set Of Financial Statements That Are Presented In The Company’s Dedicated Lists. These Lists Contain Statements Of Financial Operations Relating To The Company, Such As Public cudget, Company Income And Profits, Cash Flows, Expense Types And All Information On The Movement Of Funds. These Lists Are The Accounting Reference For The Company’s Activities.

Types Of Financial Statements:

1-Income List:

The Income List Is Used In Presenting The Company’s Net Income For A Given Financial Period. This Period, Which Is Covered By The Income List, Is Also Reflected In Its Title, In Addition To The Income And Expenses Of The Company Or Enterprise For The Period In Question, As Well As The Value Of The Profits Or Losses Resulting From The Company’s Activities.

 2-List Of Financial Position:

It Is Called The Public Budget , And This List Contains The Financial Position That Includes: Assets, Liabilities, Property Rights. These Three Elements Should Be Detailed In Order To Determine The Contents Of Each Element And Calculate The Total Working Capital.

3-Comprehensive Income List:

The comperensive Income Statement Is One Of The Most Important External Parties’ Financial Statements. This Statement Contains Two Main Elements, First: Net Income Taken From The Income List. The Second Is Other Universal Income, Which Has A Positive Or Negative Value And In Turn Affects Shareholders’ Rights And Retained Profits.

4-List Of Cash Flows:

The List Of Cash Flows Contains The Offer Of Cash Flow That Occurs From The Company’s Or Organization’s Activity Within A Specified Period Of Time. Cash Flows Resulting From Operational, Investment Or Financing Activities Shall Be In Accordance With The Company’s Or Enterprise’s Activities.

5-List Of Shareholders’ Equity:

This List Shows Shareholders’ Equity As One Of The Core Elements Of The Accounting Equation. The Elements Of Shareholders’ Rights Are Presented In Detail In The Balance Sheet. Examples Of Shareholders’ Rghits Statements Include Treasury Shares And Retained Profits.

Characteristics Of Financial Statements

– Financial Statements Provide Data And Information On Financial Operations Based On Their Factual Content.

– Financial Statements Contribute To Providing Management Accounting With Sound Financial Statements That Assist Decision Makers In The Company Or Enterprise.

– The Financial Statements Provide Comparability With A View To Determining The Nature Of The Financial Position.

– Financial Lists Contain All Important And Influential Elements In The Decision-Making Process