I will do financial accounting and financial statement

The main types of financial statements are:

Income Statement (Profit & Loss Statement):

Shows the company's revenues, expenses, and profit or loss over a period.

Balance Sheet:

Presents the companys financial position at a specific point in time, listing assets, liabilities, and owner's equity.

Cash Flow Statement:

Details the inflows and outflows of cash, showing how the company manages its cash for operations, investing, and financing.

Statement of Changes in Equity:

Explains changes in the companys equity during a reporting period.

Purpose:

To understand the financial health of a business

For decision-making by management, investors, creditors, and regulators

To track performance over time