WSP Financial Statement Modeling

assets =

liabilities + shareholder’s equity

balance sheet

The balance sheet provides a snapshot of a company's financial position at a specific point in time. It is based on the fundamental accounting equation:
assets = liabilities + equity

balance sheet contains

assets

liabilities

equity

income statement

Also known as a Profit and Loss (P&L) statement, this report measures a company's financial performance over a specific period, such as a quarter or a year.

income statement contains

revenues

expenses

net income

statement of cash flows

This statement tracks the actual movement of cash in and out of a business over a specific period. It reconciles the net income to the actual cash on hand by categorizing activities into three sections

cash flow statement contains

operating activities

investing activities

financing activities

statement of shareholder’s equity

This statement outlines the changes in the owners' or shareholders' equity over a reporting period. It details factors like net income, dividends paid out, and proceeds from issuing new stock that affect the company's net worth.