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Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
Chapter 11
Chapter 12
Chapter 13
Chapter 14
Chapter 15
Chapter 16
Chapter 17
Chapter 18
Chapter 19
Chapter 20
Chapter 21
Chapter 22
Chapter 23
Chapter 24
Chapter 25
Chapter 26
Chapter 27
Chapter 28
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Chapter 2

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Is it a balance sheet?

That is not how the Financial Accounting Standards Board (FASB) sees it. It is a statement of financial position XE "statement of financial position" .  The Profit and Loss report displays the financial movement between two financial positions, but it is not called a statement of financial movement. The FASB calls it an income statement XE "income statement" .

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Last modified: May 21, 2004