Explain the information provided by each financial statement.

Write a paper of no more than 700 words discussing

The balance sheet provides an overview of the company’s financial position, including its assets, liabilities and equity. The income statement shows a company’s revenues and expenses for a given period. The cash flow statement tracks the movement of cash in and out of the business over a specified period. Finally, the statement of changes in equity reports on any changes that have occurred to the shareholders’ equity over time. Together, these four statements provide a comprehensive picture of a company’s financial performance and position.