Types of Financial Statements

There are several different types of financial statements. Most of the statements deal with businesses or corporations, but there are also personal financial statements and non profit financial statements. These statements provide an organized look at a company or individual's financial situation, which is extremely helpful in a variety of situations.

Audited Financial Statements

Audited financial statements are a company's financial statements that have been prepared and certified by a Certified Public Accountant. This ensures that the government, or some other official can assess the legality of your accounts and accounting ability.

Personal Financial Statements

A personal financial statement is a great way to assess your assets and truly understand your financial situation. There are several software programs that can help you make such a spreadsheet, which is a great way to organize profits and expenditures. Being aware of how your finances stand is an important step in investing intelligently and making the most of your assets.

Business Financial Statement

A business financial statement is a statement that includes a balance sheet and a statement of income. The balance sheet is a sheet that offers a simple look at the financial health of a business. A statement of income is a set of measurements regarding the companies sales and expenses over a certain period of time.

Construction Financial Management

Construction financial management is an important part of running any construction company. Keeping finances in order is helpful in many ways, including reducing risk to equipment and workers. There is computer software designed specifically with construction companies in mind, so financing your business can be easily maintained.

Corporate Financial Statements

Corporate financial statements are some of the most important statements that accountants compile. Because corporations usually involve several businesses, departments, or stores, making a statement that incorporates each one is a lot of work. These statements, much like business statements, so the financial health of a corporation and a list of sales and expenses during a certain time period.

Financial Accounting Research

Financial accounting research is often necessary while making any kind of financial statement. While texts and the Internet are reliable sources, most accounting offices have a kind of software that includes many accounting resources and areas of research. This system is the Financial Accounting Research System, which is a CD-ROM that contains the most pertinent financial research out there.

Nonprofit Financial Statements

Nonprofit financial statements are used to track a company's business and see how well it is fulfilling it's mission. As non profit organizations put all of the money earned back into the company it is especially important to keep track of the things that do cost the company money. A well organized financial statement is a simple way to do so.