What is the financial work sheet that contains many financial statements? And what are those financial statements?

What is the Financial Work Sheet ?? That contains many financial Statements ? And What are those financial statements?

Financial Work Sheet (FWS): FWS are the work sheet which are prepared indepdently/ individualy  is called  financial tools of the organisation,  to control item wise/ cost center wise to keep tracks or records.  e.g. Budget, MIS,  variance analysis, daily cash report/ Collection report, Sales report, stock report etc.

 

Financial Statement (FS): All Financial Statement is supported by Financial work sheet. Thus, the FS can not be prepared without the FWS.

 

Financial Statement : The FS is a periodic repor of financial result of an organisation which contains (i) Balance Sheet (ii) Income Statement (iii) Cash flow. These statement are explained about the economic position, Liquidity & future existence & growth. As well it help to take corrective step to meet SWOT in commutative era.

The primary disciplene is 1.Accounting 2.Marketimg 3.Production 4.Quantitative method These are support contain many financial decesion of work sheet like - 1. Investment analysis 2. Working capital management 3. Sources and cost of debt 4. Determination of capital structure 5.Dividend policy 6. Analysis of risk and return. These are the work sheet of the financial statement.

Thank You all for your efforts. 

 

In fact, the financial work sheet that contains many financial statements is called "Accounting Working Paper. This papaer is a very wide paper  and contains many columns of many Financial Reports and statments as follows;

1- Trial Balance for the company before adjustment 

2- Accounting adjustments for the period 

3- Adjusted Trial Balance 

4- Income Statement

5- Statement of Owner`s Equity 

6- Balance Sheet. 

 

Thank you for all who share this and for their great information  

Agreed with Santosh answer

agree with Mr Santosh

Thanks to the invitation

agree with Mr Santosh >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

wait more details from our expert

 

 Thanks to the invitation agree with the answer professor Santosh Kumar Arukh

Financial worksheet is a one page appraisal sheet used by finance companies to assess whether you qualify for a loan (Home loan,  car loan etc)

these are the sheets which keep track of any product It is made by individuals. To know more visit Hp printer support

Work sheet was a controlling / assessing tool used by accountants prior to final preparation of financial statements. Nowadays, the use of worksheets is left after the introduction of advanced technologies such as MS EXCEL.

Typically, a worksheet contains 5 columns where each column has a DEBIT and a CREDIT side.

column-1 lists all INCOME STATEMENT and BALANCE SHEET accounts' figures prior to adjustments (before adjustment trial balance figures)

column-2 lists corresponding adjustments, if any, to those accounts.

column-3 then show adjusted trial balance.

column-4 is Income Statement.

column-5 is Balance Sheet.