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The process that is used to prepare different statements of finance for companies in order to track their performance and status when compared to competitors is called financial accounting. The statements can be prepared annually, half yearly or quarterly. It is very essential for students to learn preparing these which can be easily learnt by taking assistance from financial accounting assignment help.
The different statements of finance
• The statement of cash flow
This is the statement that depicts the actual cash flow coming in or going out of a company through a specific time period. Flow of cash from different activities like operation, investments or financing are maintained in this sheet.
• The statement of balance
Students can learn to practice solving balance sheets by referring to financial accounting homework help. The statement that determines the liabilities and assets towards the end of an accounting year is called the statement of balance.
• The statement of income
Students studying financial accounting might have to complete several assignments on income statement as it is a major part of the subject. They can easily take guidance from online financial accounting assignment help to complete the same. The report that shows the net income of a firm within a specific time period is called the statement of income.
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