For each of the three personal financial statements 1. Balance Sheet, 2. Income \& Expense Statement sometimes called the Cash Flow Statement 3. Budget/Spending Plan Please identify the type of information contained in each statement where the information would be fpund (how it is generated -where the numbers come from) by the individual preparing the statement the time frame of each statement how the statement might be used in personal financial planning (Why Prepare the statement) the importance of the statement - the value of the statement who would use the statement how often they should be prepared