Financial statements are a structural statement of a company's financial status, operating results and cash flows. Financial statements include balance sheets, income statements, and cash flow statements. As a novice accountant, please join the editor to understand the methods of balance sheet, income statement, and cash flow statement, so as to facilitate future accounting work.

Method/Steps

Learning: Before preparing the form, everyone must first understand what the three forms should include and understand the corresponding content of each item in each form. And learn the accounting equations or methods of the three tables.

Preparation: Record all the company's financial status, including income, expenses, taxes, etc., in tables every month, and total each item at the end of the month and year to make a summary table , convenient for use when preparing financial statements. In this way, the accounts can be balanced and consistent to ensure the authenticity and accuracy of the account book information.

Balance sheet: After downloading or finding the form, first enter the company name and time at the header. Based on the project summary table prepared earlier, fill in the form in order. If you need to calculate, Then calculate it according to the accounting equation and then fill in the form.

Income statement: The method of filling in the table is the same as the method of filling in the balance sheet, and some data can be found in the balance sheet. There is no need to count again. You only need to fill in the data that have been calculated on the balance sheet. Just enter it in the form. If it is not on the balance sheet, fill it in or count it separately.

Cash flow statement: The method of filling in the table is the same as that of filling in the balance sheet and income statement, and some data may be filled in based on the data in the balance sheet and income statement.

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After filling in the three forms respectively, it is recommended to check them once to avoid filling in errors. It will be bad if you accidentally enter the wrong number or write more or less.