Which of the following is a not correct statement about accounting?

a. Financial accounting is the branch of accounting that prepares financial statements for use by owners, creditors, suppliers, and other external stakeholders.

b. Managerial accounting is a branch of accounting that provides reports and analysis to managers to help them make informed decisions.

c. Balance sheet reports the financial position of a firm by the firms capital structure.

d. Income statement reports the revenues, expenses, and total gross profit resulting from a firms operation.

e. Cash flow statement identifies a firms sources and uses of cash in a given accounting period.