Balance sheet, income statement and cash flow statement reflect the financial status, operating results and cash flow of an enterprise from different angles.
The balance sheet reflects the assets owned by the enterprise on a specific date, the debts to be repaid and the net assets owned by shareholders (investors).
The income statement reflects the operating results of the enterprise in a certain accounting period, that is, profit or loss, indicating the profitability of the enterprise in using its assets; The cash flow statement reflects the inflow and outflow of cash and cash equivalents in a certain accounting period.
The statement of changes in owner's equity reflects the current increase and decrease of each component of owner's equity. Enterprise's net profit and its distribution are an integral part of changes in owners' equity, and relevant information has been reflected in the statement of changes in owners' equity and its notes, so enterprises do not need to prepare a separate profit distribution statement.
Notes are an indispensable part of financial statements, which are written descriptions or detailed information about the items listed in the balance sheet, income statement, cash flow statement and statement of changes in owner's equity, as well as explanations of the items not listed in these statements.