🛡 ICAI Student Journal - September 2024

📌 Special Issue on Exam Tips & Preparation :
➨ CA Inter
➨ CA Foundation


🔔 Special Issue:

➨ CA Final : AFM
➨ CA Inter : Corporate Law
➨ CA Foundation : Quantitative Aptitude

✔️Official Download Link :
https://www.icai.org/post/students-journal

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Word of the Day☄️

Financial Statements📊


Report cards of a company's financial health

🔼There are 3 main financial statements:

-Income Statement: shows a company's earnings and its profits or losses

-Balance Sheet: a summary of what the company owns (assets), owes (liabilities), and its net worth (equity)

-Cash Flow Statement: tracks the cash coming in and going out of a business

🔽There are also 2 types of financial statements: standalone and consolidated.

-Standalone statements are only of the main company, without considering any subsidiaries and related companies.

-Consolidated statements combine the financials of the parent company and its subsidiaries.

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