Examlex
The systematic training process comprises four main steps:
Financial Statement
Documents that present the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.
Balance Sheet
An accounting document detailing a firm's resources, debts, and equity held by shareholders, capturing its financial status at a particular instant.
Income Statement
a financial statement that summarizes a company's revenues, expenses, and profits over a specific period of time.
Cash Flows
The aggregate volume of funds moving into and out of a corporation, impacting its ability to cover short-term obligations.
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