Financial statements consist of a balance sheet, an income statement, statement of cash flows, and a statement of stockholders’ equity.
A balance sheet presents a company's financial position at the end of a specified date. The income statement is important because it shows the profitability of a company during the time interval. Statement of cash flow reports the cash generated and used during a period of time. Statement of stockholders’ equity identifies the amount of money earned by the company versus contributed by stockholders. Watch this video to review examples of each of these important parts of a financial statement.
John D. O'Grady
- Manager in the Forensic, Litigation and Valuation Services Group at EisnerAmper LLP
- Specializes in fraud and forensic accounting, business valuations, commercial damages assessments, and family and civil court matters
- Has performed valuation and other services for a broad range of industries, he has particular expertise in the professional services, manufacturing, retail, not-for-profit, health care, and real estate sectors
- Member of the Association of Certified Fraud Examiners (ACFE); a member of the National Association of Certified Valuation Analysts (NACVA), where he previously served as treasurer of the New Jersey chapter; and an associate member of the American Institute of Certified Public Accountants (AICPA)
- M.A. degree in accounting, St. Peter’s University; B.A. degree in accounting, The College of New Jersey
- Can be contacted at 732-243-7416
- Senior in the Forensic, Litigation and Valuation Services Group at EisnerAmper LLP
- Specializes in fraud and forensic accounting, business valuations, commercial damages assessments, and complex data-intensive analyses
- Member of the American Institute of Certified Public Accountants (AICPA); member of the Pennsylvania Institute of Certified Public Accountants (PICPA); member of the Association of Certified Fraud Examiners (ACFE)
- B.S. degree in finance from Drexel University; M.B.A. from Drexel University
- Can be contacted at 215-881-8313
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