Income statement

It is a kind of financial statement through which a firm can come to know its operating income for the year or period like half year, quarter, monthly etc.

Balance sheet

It is a kind of financial statement through which a firm can come to know its financial strengths (assets) and financial weaknesses for the entire period at a particular date.

Statement of changes in owners equity

It is a kind of financial statement which shows the changes in the owners equity at a particular date, which results on account of net income or drawings or additional capital investment etc.

Statement of cash flows

A kind of financial statement which shows the inflows of cash and outflows of cash in a prescribed format, prescribed by international accounting standards (IAS 7). It is a statutory statement a mandatory or legal statement required by law to accompanied with all the financial statements

Notes to the accounts

It is a kind of addendum to the financial statements, not the mandatory part of the financial statements but without this financial statements are not expected to be completed so with all the annual financial reports one can see these notes to the accounts, which technically are the supporting notes to all the financial statements.

(Project to be submitted in 15^th week)

Project is to be done on individual basis

At the first page of the project each student is required to add his name, registration number or roll number along with class and section mandatorily

Any one public limited company is to be chosen from the web

Work out and explain and perform the horizontal and vertical analysis of that firm, along with the history of the firm products and services company is delivering and the board members profile of the company