2.2.2 Elements of Financial Statement
The elements of financial statements that most frequently provided are statement of financial position, income statement, statement of changes in
equity, statement of cash flow, and financial statements’ notes PSAK 1 2009 revision, SFAC number 1. The explanation of financial statements’ elements
is listed as follow. A.
Statement of Financial Position In general, statement of financial position provides information about
firms’ assets, liabilities, and firms’ equities. B.
Income Statement It captures the information about the revenues and costs that firms
generated. In the end, earnings information is on the focus because it is important as indicator of firms’ performance.
C. Statement of Changes in Equity
It reflects the changing of equity from the beginning of accounting period till the end of accounting period. The changing of equity is affected by
income of the year and dividends. D.
Statement of Cash Flow It reflects the cash inflow and cash outflow of the firms. Statement of
cash flow consists of cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities.
E. Notes
It is a summary of significant accounting policies and other explanatory notes. It provides more detail information about statement of
equity, statement of cash fl fl
o ow, and fina
a nc
ncia i
l statements’ notes PSAK 1 2009 revision, SFAC
C n
number 1. The explanation of finan ancial statements’ elements
is listed a
as follow. A.
. Statemen
nt t
of of
F F
in i
anci al
Position In
In g
g en
en eral, st
st at
at em
ent of fin an
cial p os
it it
io io
n n
provid id
es s
i i
nf nf
ormation on about
fi fi
rm rm
s’ s’ a
asset t
s s,
l iabili
ti es, and firms’ equities.
B B.
I In
come Statement It
captures the in
fo rmatio
n about
th e revenues and
c o
osts t tha
hat t
fi f
rms ge
e n
ne rated. I
n th
e end, ear ni
ngs in
form at
ion is on th
e focus b
because it is
s im
m portant as indicator o
f firms’ perform an
ce .
C. C.
St at
em en
t t
of of
C C
ha ha
ng ng
es in Equity It reflects the changing
g o
o f eq
eq ui
ty from the beginning of accou u
nt nt
in in
g pe
pe riod till the end of accounting period. The changing of equity is
s af
af fe
fect cted
d by
income o
o f
f th
the ye
year ar a
a nd
nd d
iv id
id en
ends ds
. .
D D.
S Statem
em e
ent of Cash Flow ow
It reflects the cash in nflow and ca
ash outflow of the firms. Statement of cash flow consists of cash
f f
low from m operating activities, cash flow from
investing activities, and cash flo ow fr
r o
om financing activities. E.
Notes
financial position, income statement, statement of changes in equity, and statement of cash flow.
2.2.3 Earnings
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