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3 Important Financial Statements

June 15, 2017 by OSYB Staff

It’s important for entrepreneurs to know the fundamentals of the three most important financial statements for reporting to those outside of the business:

  1. The Statement of Financial Position or the Balance Sheet
  2. The Statement of Income or The Profit & Loss Statement
  3. The Statement Of Cash Flows

Small Business Profit Explosion summarizes and breaks down the reasons why each statement is important and the role each one plays to help a business owner stay abreast of the direction the business is taking.

For more details: Understanding Financial Statements