Financial reporting 0.0 / 5 ? Business StudiesAFfMUniversityAll boards Created by: MeghanMoulfordCreated on: 27-03-19 11:49 What is the statement of financial positon (Balance sheet)? The current wealth of the business from point to point 1 of 5 What is the income statement? How much wealth was generated in a given period 2 of 5 What is the cash flow statement A record of cash movements that have taken place during a period 3 of 5 Assets = Liabiliaties + equity 4 of 5 What is a non-current asset Something which is not easy to liqidute ie) equipment/land 5 of 5
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