What Are Company Financial Statements? - Definition, Analysis & Examples


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question 1 of 3

The financial report that measures the success of company operations during a given time period is the _____.

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1. The financial report that shows the retained earnings of the company from the startup date until the balance sheet date is called the _____.

2. The financial statement that keeps track of the inflow and outflow of cash is called the _____.

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About This Quiz & Worksheet

This quiz and worksheet can help gauge your understanding of company financial statements. Important points to study include the various financial statements and their purpose and the basic accounting equation.

Quiz & Worksheet Goals

Use this worksheet and quiz to assess your knowledge of:

  • Statement of Retained Earnings
  • Statement of Cash Flows
  • Balance sheets
  • Income sheets

Skills Practiced

The quiz utilizes the following skills:

  • Information recall - access the knowledge you have gained regarding income statements
  • Defining key concepts - ensure that you can accurately define main phrases, such as a balance sheet and statement of retained earnings
  • Knowledge application - use your knowledge to answer questions about balance sheets

Additional Learning

To learn more about company financial statements, review the corresponding lesson called What Are Company Financial Statements? - Definition, Analysis & Examples. This lesson will help you:

  • Determine the purpose of financial statements for companies
  • Learn about the purposes of an income statement
  • Identify parts of a statement of retained earnings
  • Review how balance sheets are organized
  • Identify different types of assets