Financial statements Essay Example | Topics and Well Written Essays - 250 words

Financial statements - Essay Example They have the duty of recording, analyzing, summarizing and reporting the financial performance and position of the company to both internal and external users of financial statements. Being sales department personnel, I work on generating invoices for the customers, sales tax return and other documentation in collaboration with accounts and finance department of the company. The financial statements of my organization provide various sorts of financial information. Fundamentally, it shows the financial position of my organization through balance sheet. Financial performance of my organization is disclosed through statement of comprehensive income. The activities relating to cash inflows and outflows are reflected through statement of cash flows. Statement of changes in equity shows the information relating to changes in the equity ownership of the organization. Last part of financial statement is â€Å"notes to the financial statements† which provide detailed workings and disclosures of accounting heads that are presented in other components of financial statements (Ramgopal,