Together, they provide an overview of primary financial areas such as profit (income statement), assets vs. liabilities and owner's equity (balance sheet), and liquidity (cash flow statement).

The balance sheet and cash flow statement, however, focus more on the capital management of the firm in terms of both assets and structure. Learn More: How Three Major Financial Statements Are ...

whereas institutions issuing asset-based loans take a historical view by prioritizing the current balance sheet over future income statements. Cash flow-based loans don't use collateral ...

Going forward, it was going to include intangible ... item as an asset at all. Yet, companies often amortize one-time expenses, classifying them as capital expenses on the cash flow statement ...

These documents include the balance sheet, which illustrates the company’s assets, the income statement, which tells you how profitable the business is over any given period, and the cash flow ...

Reviewed by Amy Drury Fact checked by Suzanne Kvilhaug What Is Intellectual Property in Terms of a Capital Asset? Some types of intellectual property are considered capital assets and may be recorded ...