Enterprise Financial Statements • Management’s Discussion & Analysis (RSI) • Balance Sheets / Statement of Net Position • Statement of Revenues, Expenses, and Changes in Net Position • Cash Flow Statement • Notes to Financial Statements • Combining Financial Statements (SI)
5
Balance Sheet (aka the Statement of Net Position) • Assets - Things of value owned by the entity • Liabilities - Things of value owed by the entity • Equity = Assets – Liabilities
• Equity Classifications (Invested in Capital Assets, Net of Related Debt, Restricted, Unrestricted)
6
BlueBird CPAs
3
Made with FlippingBook - Online catalogs