articulation of financial statements n.
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Articulation of Financial Statements. Income Statement + Revenues - Expenses = Net Income. Balance Sheet Assets = Liabilities + Shareholders’ Equity. Statement of Shareholders’ Equity Beginning Balance +Capital Increased + Net Income Dividends Paid +- Other Transactions

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articulation of financial statements
Articulation of Financial Statements

Income Statement

+Revenues

-Expenses

= Net Income

Balance Sheet

Assets

=

Liabilities

+

Shareholders’ Equity

  • Statement of Shareholders’ Equity
  • Beginning Balance
  • +Capital Increased
  • + Net Income
  • Dividends Paid
  • +- Other Transactions
  • Ending Balance

Cash Flows

+-Operating

+ -Investing

+-Financing

Change in Cash

Beginning Balance

Ending Balance