37+ Cash Flow Statement Vs Balance Sheet Pictures. The balance sheet equation above must always be in balance. A balance sheet is prepared for a specific date, usually after the completion of the financial year, whereas cash flow statement is made for a particular period.
Balance sheet, income statement, and cash flow statement.
These include income statements, balance sheets, cash flow statements and statements of shareholders' equity. While the balance sheet shows what a company owns and owes, the cash flow statement records the cash activities for the period. Some consider the statement of stockholders equity also. Balance sheet and cash flow statement are both important financial statements which are very necessary for any corporate to make.
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