>> Often, the decisions and recommendations addressed by financial analysts pertain to providing capital to companiesspecifically, whether to invest in . 0000007677 00000 n He finished seventh, but if he had won, it would have been a victory for financial literacy proponents everywhere. Legal Forms PDF endobj ]f2C-S^]7Vm/)dmQ]~=,ztaN! Fixed assets are those assets used to operate the business but that are not available for sale, such as trucks, office furniture and other property. /Type /Page o Yes o No Bankruptcies . /Annots [71 0 R] Assets are anything a company owns with quantifiable value. A company with a June year-end would issue annual statements in July or August; where as, a company with a December year-end would issue statements in . The annual financial statement form is prepared once a year and cover a 12-month period of financial performance. Learn how to formulate a successful business strategy. Court proceedings . /MediaBox [0.0 0.0 612.0 792.0] endobj << If you are new to HBS Online, you will be required to set up an account before starting an application for the program of your choice. DISCLAIMER: The Financial Statement Data Sets contain information derived from structured data filed with the Commission by individual registrants as well as Commission-generated filing identifiers. Describe the components that supplement the financial statements in an annual report. 4041 37 Following are the importance of financial statements: 1. /Count 29 Usually they reinvest them in the business. State the importance of financial statements to (i) shareholders This statement would include all your assets as well as liabilities. The data is presented in a flattened format to help users analyze and compare corporate disclosure information over time and across registrants. (3dd4258a2cf84b08bf9ae9235cb2c7f4_40) [19 0 R /XYZ null 456 null] >> /Annots [110 0 R] Our easy online application is free, and no special documentation is required. Beyond the editorial, an annual report summarizes financial data and includes a company's income statement, balance sheet, and cash flow statement. /Type /Page Company Financial Statement Template ncert.nic.in Details File Format PDF Size: 109 KB Download One can use this to easily calculate the profits, sales and costs of the company. When you subtract the returns and allowances from the gross revenues, you arrive at the companys net revenues. 0000003443 00000 n Both are important numbers to know. /Type /Page 3. >> Some income statements combine the two numbers. /MediaBox [0.0 0.0 612.0 792.0] Formal Company Financial Statement Template, 12. /MediaBox [0.0 0.0 612.0 792.0] 2.2 Basis of consolidation a) The consolidated financial statements include the financial . 0000004155 00000 n 3 0 obj Your email address will not be published. startxref >> List This statement would include the details of each asset and liability and help you in financial statement analysis. It does not show the flows into and out of the accounts during the period. 0000006196 00000 n This data is extracted from exhibits to corporate financial reports filed with the Commission using eXtensible Business Reporting Language (XBRL). It is also intended to provide context for the financial statements and information about the companys earnings and cash flows. /Creator (Workiva) << The Financial Statements Data (PDF, 175 kb) provides documentation of scope, organization, file formats and table definitions. /Title (Railway 12.31.22 Financials) The statement also plays an active part in the planning process, especially if there is a product launch. %PDF-1.7 % Essay Its the amount of money that would be left if all assets were sold and all liabilities paid. Assets include physical property, such as plants, trucks, equipment and inventory. They are: (1)balance sheets; (2)income statements; (3)cash flow statements; and (4)statements of shareholders equity. %PDF-1.4 /Type /Catalog /First 35 0 R We all remember Cuba Gooding Jr.s immortal line from the movie Jerry Maguire, Show me the money! Well, thats what financial statements do. The basics arent difficult and they arent rocket science. << The next line subtracts the costs of sales from the net revenues to arrive at a subtotal called gross profit or sometimes gross margin. Its considered gross because there are certain expenses that havent been deducted from it yet. << /Title (VP Certification) endobj BNSF Railway operates over 32,500 route miles of track (excluding multiple It helps them to decide whether further investments can be done for this business. /Parent 2 0 R educational opportunities. /MediaBox [0.0 0.0 612.0 792.0] With a cash flow statement, you can see the types of activities that generate cash and use that information to make financial decisions. The next section deals with operating expenses. Likewise, paying back a bank loan would show up as a use of cash flow. /Version /1.4 It will not train you to be an accountant (just as a CPR course will not make you a cardiac doctor), but it should give you the confidence to be able to look at a set of financial statements and make sense of them. >> Financial statements reflect historical data i.e reflects the original price of the items or the price at which items were acquired. 162 0 obj <>/Filter/FlateDecode/ID[<47180388EEE54B7090C55F1AE13D9A2C><0FDB7FF41F72E647951C754FEC397CB6>]/Index[143 53]/Info 142 0 R/Length 98/Prev 692297/Root 144 0 R/Size 196/Type/XRef/W[1 3 1]>>stream /Dest [34 0 R /XYZ null 752 null] /Parent 2 0 R << The information is presented without change from the "as filed" financial reports submitted by each registrant. 0000000016 00000 n endstream endobj startxref There are four main financial statements. /Resources 106 0 R 0 483 0 obj <>/Encrypt 474 0 R/Filter/FlateDecode/ID[<67ADF776B07180498D6E62136EC7A16F>]/Index[473 30]/Info 472 0 R/Length 66/Prev 448677/Root 475 0 R/Size 503/Type/XRef/W[1 2 1]>>stream endobj endobj /Title (Cover Page) It checks and indicates whether the specific organization has made financial benefits during the reported period of time. endobj So are investments a company makes. All intercompany transactions and balances are eliminated in consolidation. Ram Sharma Acharya endobj >> State the importance of financial statements to(i) shareholders(ii) creditors(iii) government(iv) investors. UPSC Free Material 1 Twitter 2 Facebook 3RSS 4YouTube 1. endobj (3dd4258a2cf84b08bf9ae9235cb2c7f4_16) [12 0 R /XYZ null 752 null] 33 0 obj To examine how asset value is measured, let us begin with the way assets are categorized in the balance sheet. << hbbd``b` $ E '` I3@@B#c&Hu?{ > * (3dd4258a2cf84b08bf9ae9235cb2c7f4_70) [32 0 R /XYZ null 537 null] An income statement, also known as a profit and loss (P&L) statement, summarizes the cumulative impact of revenue, gain, expense, and loss transactions for a given period. /Parent 2 0 R << 4076 0 obj /Type /Page Liabilities also include obligations to provide goods or services to customers in the future. 34 0 obj 0000005592 00000 n The template samples, along with the statement of cash flow and balance sheet are one of the most significant methods of financial reporting. The applications vary slightly from program to program, but all ask for some personal background information. Kanaiyalal Munshi (3dd4258a2cf84b08bf9ae9235cb2c7f4_64) [24 0 R /XYZ null 320 null] @QIe@*bPKl0!Lw 18045 0 obj <> endobj /Resources 67 0 R >> These organizations have to declare these statements for the benefit of their donors. hT{LU?_PA)Uh(L $U(:dCt@ nmG7Tn91g~_R99w @E,8 (@{ If you can follow a recipe or apply for a loan, you can learn basic accounting. Computer 37 0 obj /Contents 102 0 R /Annots [125 0 R] One can use this to easily calculate the profits, sales and costs of the company. A cash flow statement shows changes over time rather than absolute dollar amounts at a point in time. 6LinkedIn 8 Email Updates. fn 8 If neither period presented has a net loss, the statement may be titled "Consolidated Statement of Income." fn 9 Upon adoption of FASB ASU No. Moving down the stairs from the net revenue line, there are several lines that represent various kinds of operating expenses. Statement Templates 11+ Business Financial Statement Templates in PDF | DOC. endobj A financial statement, on the other . This could be due, for example, to sales discounts or merchandise returns. NCERT Class 12 Accountancy Textbook Chapter 3 With Answer PDF Free Download, Chapter 3: Financial Statements Of A Company, 3.5 Uses and Importance of Financial Statements, NCERT Solutions Class 12 Accountancy Chapter 3 Financial Statements Of A Company, Geography as a Discipline NCERT Textbook PDF, The Rocking-horse Winner NCERT Textbook PDF, The Adventure of the Three Garridebs NCERT Textbook PDF. 3. Start with your sales figures first and then go further by adding other income sources you use to run your business. /Names 4 0 R /MediaBox [0.0 0.0 612.0 792.0] NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED JULY 31, 2013. Gain new insights and knowledge from leading faculty and industry experts. /Resources 109 0 R Cash flow statements are broken into three sections: Cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities. These statements are a key to both financial modeling and accounting. Exam Question Paper /Length 294 3p(0eJ?g 3g`on*obNP,0 9r7d~@; Financial Statements (Unaudited) 4 Consolidated Balance Sheets 4 Consolidated Statements of Operations 5 Consolidated Statements of Comprehensive Income 6 Consolidated Statements of Redeemable Noncontrolling Interests and Equity 7 Consolidated Statements of Cash Flows 9 Notes to Consolidated Financial Statements 10 Item 2. >> 2. It includes every aspect of corporate activities. As a general rule, desirable ratios vary by industry. These distributions are called dividends. Stock Market /MediaBox [0.0 0.0 612.0 792.0] 0000004495 00000 n /Resources 85 0 R . (3dd4258a2cf84b08bf9ae9235cb2c7f4_4) [7 0 R /XYZ null 753 null] /Parent 2 0 R 18051 0 obj <>/Filter/FlateDecode/ID[<45BDFD383FE8844F950143C63DC70223>]/Index[18045 16 18062 1]/Info 18044 0 R/Length 57/Prev 963204/Root 18046 0 R/Size 18063/Type/XRef/W[1 2 1]>>stream These Example Financial Statements are based on the activities and results of Illustrative Corporation and its subsidiaries ('the Group') - a fictional consulting, service and retail entity that has been preparing IFRS consolidated financial statements for several years. The banks and other financial institutions would require this information from you when you apply for financial assistance. 4. /Annots [101 0 R] 4. /Author (anonymous) endstream endobj 147 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream The footnotes to financial statements are packed with information. /Contents 132 0 R While an income statement can tell you whether a company made a profit, a cash flow statement can tell you whether the company generated cash. 0000069846 00000 n /Next 138 0 R /Type /Page This process of spreading these costs is called depreciation or amortization. 2. Simple Company Financial Statement in PDF, 18. This Analysis And Uses Of Financial Statements Pdf, as one of the most working sellers here will certainly be in the course of the best options to review. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Accountancy Please review the Program Policies page for more details on refunds and deferrals. 1. Product Price List endobj 4 0 obj It provides businesses with sufficient data to analyze their financial health and performance of the business. /Annots [104 0 R] Gita Press Annual Statements. Printable Company Financial Statement Template, 12+ Company and Financial Report Templates, 11+ Non Profit Financial Statement Templates, 6+ Financial Statement Analysis Templates. 0000010547 00000 n The value of these documents lies in the story they tell when reviewed together. 0 /Resources 94 0 R Printable Company Financial Statement in PDF, 14. /Resources 121 0 R [z?v"(3[z[PV%c]:1 [|%N+{izSfw0~! The Company BNSF Railway is a wholly-owned subsidiary of Burlington Northern Santa Fe, LLC (BNSF). cC#C@Cvq 6- 0 18+ Company Financial Statement Templates in PDF, 1. Its called net because, if you can imagine a net, these revenues are left in the net after the deductions for returns and allowances have come out. . /Parent 2 0 R They provide information about the results of the business concern during a specified period of time in terms of assets and liabilities, which provide the basis for making decisions. Its so important to read the footnotes. The American Institute of Certified Public Accountants states the nature of financial statements as, the statements prepared for the purpose of presenting a periodical review of the report on progress by the management and deal with the status of investment in the business andthe results achieved during the period under review. The companies have to adhere to the same in all respects. The literal bottom line of the statement usually shows the companys net earnings or losses. Sample Company Financial Statement Template, 6. /Kids [6 0 R 7 0 R 8 0 R 9 0 R 10 0 R 11 0 R 12 0 R 13 0 R 14 0 R 15 0 R This calculation tells you how much money shareholders would receive if the company decided to distribute all of the net earnings for the period. 6H[P$B^\;Tnqn[q]zclg)RbHc! 1 Twitter 2 Facebook 3RSS 4YouTube /Annots [128 0 R] 4077 0 obj endobj (3dd4258a2cf84b08bf9ae9235cb2c7f4_76) [34 0 R /XYZ null 752 null] /MediaBox [0.0 0.0 612.0 792.0] Hence data and information are historical in nature. Government: A financial statement helps the government in determining GDP, national income, industrial growth, etc. Basic Company Financial Statement Template, 10. endstream This tells you how much the company earned or lost over the period. /Contents 84 0 R endobj /CreationDate (D:20230226230005+00'00') 0000008421 00000 n Noncurrent assets are things a company does not expect to convert to cash within one year or that would take longer than one year to sell. Current assets are things a company expects to convert to cash within one year. 6. Most companies expect to sell their inventory for cash within one year. Take your career to the next level with this specialization. 3. How to Read a Balance Sheet Operating expenses are different from costs of sales, which were deducted above, because operating expenses cannot be linked directly to the production of the products or services being sold. >> /Resources 88 0 R /Annots [107 0 R] /Parent 2 0 R This typically means they can either be sold or used by the company to make products or provide services that can be sold. /Contents 126 0 R /Contents 93 0 R While, preparing statement of profit and loss the revenue is included in the sales of the year in which the sale was undertaken even though the sale price may be received over a number of years. The accompanying consolidated financial statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Financial statement analysis has been a very functional tool for the management, creditors, investors and other users to understand the financial status as well as measurement of financial. Sociology /Dest [6 0 R /XYZ null 752 null] /Contents 90 0 R >> Access your courses and engage with your peers. It contains information related to liquidity, profitability, financial viability, and solvency of an organization. RE;t7)g6E|rf$} ;q\tZ91J*Z9 `9Z|Rb#e{kRLffMx%DuKo)~r.QYnBB >> Item 1. The corporate companies have to follow a fixed format for reporting their financial statements. 502 0 obj <>stream 13 0 obj /Contents 129 0 R Lets look at each of the first three financial statements in more detail. << The most prominent of these topics are the theoretical framework of financial analysis, the study of financial statements, the statement of funds flows, the cash flow statement and. Depreciation is also deducted from gross profit. 32 0 obj Typical sources of cash flow include cash raised by selling stocks and bonds or borrowing from banks. Operating margin is usually expressed as a percentage. /Contents 40 0 R Business, Economics, and Finance. Brochures And Catalogues 10-K reports are organized per SEC guidelines and include full descriptions of a companys fiscal activity, corporate agreements, risks, opportunities, current operations, executive compensation, and market activity. << . (3dd4258a2cf84b08bf9ae9235cb2c7f4_22) [14 0 R /XYZ null 752 null] This number tells you the amount of money the company spent to produce the goods or services it sold during the accounting period. It is also available on the company's . Investors: For Investors who have invested or those planning to invest, a financial statement is necessary. << The presentation is sub-divided into four cooperative sizes and types to make the information more useful. 5. >> /Type /Page If a company buys a piece of machinery, the cash flow statement would reflect this activity as a cash outflow from investing activities because it used cash. <>/Filter/FlateDecode/Index[189 3852]/Length 89/Size 4041/Type/XRef/W[1 1 1]>>stream /MediaBox [0.0 0.0 612.0 792.0] Each part reviews the cash flow from one of three types of activities: (1)operating activities; (2)investing activities; and (3)financing activities. /Names [(3dd4258a2cf84b08bf9ae9235cb2c7f4) [6 0 R /XYZ null 752 null] /Annots [95 0 R] /Resources 61 0 R They reflect a combination of recorded facts, accounting principles, and personal judgments. /Parent 3 0 R The financial statement templates can help you to make a financial plan for your product or service oriented business, calculate expenses, tax, and impact of inflation, create balance sheet and cash flow projection. u|;tT&Zm:X~NzjRQsx8b{M_w+bSYm_!NLxF7Nsuwx$jU7S^No ,bxS1c*lbd|t'dqB+WRFrEEfNyIx Qr t33\`23rCP]1=g/TjvXdMw!s:~:%l~ S{uI?RDl>,gh+ZelZg_iYo. Learn how completing courses can boost your resume and move your career forward. /ModDate (D:20230226230005+00'00') Lf[ /Parent 2 0 R /C [0.0 0.0 0.0] You can download this highly customizable file in PDF and edit it easily without requiring any special program. Income statements also report earnings per share (or EPS). People often call this the bottom line.. Save my name, email, and website in this browser for the next time I comment. Notes to Consolidated Financial Statements 1. /Producer (Wdesk Fidelity Content Translations Version 007.001.035) /Contents 105 0 R This is a financial statement templates wherein you will include the financial details of your business. We accept payments via credit card, wire transfer, Western Union, and (when available) bank loan. 0000009535 00000 n o Costofsale shouldreflectbeginning inventow, purchases, goods available for sale, ending inve tory, and cost ofgoods sold. 5 0 obj >> The complete report is attached to this release as a PDF file. It helps in tracking your cover data and creates weekly and monthly reports for your company. The following formula summarizes what a balance sheet shows: ASSETS = LIABILITIES + SHAREHOLDERS' EQUITY. 0000004261 00000 n The balance sheet displays the companys total assets and how these assets are financed, thought either debt or equity. 0000011270 00000 n /Contents 87 0 R /Resources 91 0 R >> ] 143 0 obj <> endobj << The data sets are intended to assist the public in analyzing data contained in Commission filings; however, they are not a substitute for such filings. Help your employees master essential business concepts, improve effectiveness, and However, all financial statements contain the following core statements: Financial Statements1 Typically, a complete set of financial statements comprises: a statement of financial position as at the end of the period; a statement of comprehensive income for the period; a statement of changes in equity for the period; a state- Company Annual Financial Statement in PDF, 13. Sample Company Financial Statement Template, 2. endobj Apart from these, there is also a need to know about movements of funds and changes in the financial position of the company. /Annots [92 0 R] /Parent 2 0 R The objectives of preparing financial statements are: 1. 0000002773 00000 n endobj 4. /Count 10 /Resources 124 0 R Updates to your application and enrollment status will be shown on your Dashboard. 0000009240 00000 n endobj /Outlines 3 0 R A financial statement is helpful in evaluating the earning capacity of a firm. 29 0 obj CBSE endstream endobj startxref 0000004847 00000 n 38 0 obj 20 0 obj Other information regarding financial condition. /Type /Page Financial statements are the basic sources of information for the shareholders and other external parties for understanding the profitability and financial position of any business concern. >> As compared to the more extensive Financial Statement and Notes Data Sets, which provide the numeric and narrative disclosures from all financial statements and their notes, the Financial Statement Data Sets are more compact. << So, if your business does better than you forecasted, you can use the extra funds to increase variable spending enabling you to grow faster. This would be useful for you when you apply for financial assistance from the banks. << STAY CONNECTED What are the limitations of financial statements? >> The statement of equity adjustments is also known as the statement of retained earnings in the United States. The value of these documents lies in the story they tell when reviewed together. 4. << Basis of measurement These consolidated financial statements have been prepared on a going concern and historical cost basis except for employee retirement benefits liabilities and cash, which are measured at fair value. 4. (3dd4258a2cf84b08bf9ae9235cb2c7f4_1) [6 0 R /XYZ null 752 null] 35 0 obj Annual Company Financial Statement elb.co.za Details File Format PDF Size: 3 MB Download This annual company financial statement template can be used as a guide to create your own financial statement. A financial statement is an organized collection of data according to logical and conceptual framework. Financial performance refers . Lets begin by looking at what financial statements do. hbbd``b` @)DX y@KH wOe # While some of these items may come up unexpectedly, like the purchase of a laptop to replace the one that crashed, others can be budgeted for months in advance, like that business retreat youve been eyeing, to protect your business from financial burden. box, please give dates and explain below. However, the law stipulates that they have to prepare the interim statements on a quarterly basis as well. Business Studies In addition, it is possible inaccuracies or other errors were introduced into the data sets during the process of extracting the data and compiling the data sets. Income statements show how much money a company made and spent over a period of time. /Annots [42 0 R 43 0 R 44 0 R 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R 51 0 R o Cash flows provide more information about cash assets listed on a balance sheet and are related, but not equivalent, to net income shown on the income statement. To understand how well their company is doing: Profits and/or losses for a given quarter or year, Whether profit has increased or decreased compared to similar past accounting periods, The level of investment required to maintain or grow the business, Operational expenses, especially compared to the revenue generated from those expenses. /Resources 112 0 R 0000070365 00000 n (3dd4258a2cf84b08bf9ae9235cb2c7f4_37) [19 0 R /XYZ null 753 null] endobj /Resources 58 0 R /Type /Page A financial statement is helpful in evaluating the earning capacity of a firm. 0000009066 00000 n Marketing expenses are another example. While the annual report offers something of a narrative element, including managements vision for the company, the 10-K report reinforces and expands upon that narrative with more detail. endobj Social Science 26 0 obj /Parent 2 0 R /MediaBox [0.0 0.0 612.0 792.0] Next companies must account for interest income and interest expense. The purpose of a cash flow statement is to provide a detailed picture of what happened to a businesss cash during a specified duration of time, known as the accounting period. Dictionary After all operating expenses are deducted from gross profit, you arrive at operating profit before interest and income tax expenses. Please refer to the Payment & Financial Aid page for further information. endobj endobj The fourth financial statement, called a statement of shareholders equity, shows changes in the interests of the companys shareholders over time. <]/Prev 536035/XRefStm 2376>> To understand a company's financial positionboth on its own and within its industryyou need to review and analyze several financial statements: balance sheets, income statements, cash flow statements, and annual reports. (3dd4258a2cf84b08bf9ae9235cb2c7f4_31) [15 0 R /XYZ null 490 null] << Understanding Financial Statements, 11th edition; Fraser and Ormiston, Pearson Education, Inc. (2016); ISBN 978--13-387403-7 Requesting a PDF of this book The 2009-2018 data sets were refreshed to remove character restraints and other processing fixes that had yet to be processed retroactively. 0000009211 00000 n It includes analyzing financial data such as income statements, balance sheets, and cash flow statements to help make decisions about the company's future. The SECs rules governing MD&A require disclosure about trends, events or uncertainties known to management that would have a material impact on reported financial information. hXr8~}5e5q V~xrLNR>paLaC_iB6`ahQ8([! STAY CONNECTED An equity statement - a statement of owner's equity or a statement of changes in equity - is a financial statement that a company must prepare at the end of a reporting period, along with other significant financial documents. o The revenue section should contain gross sales, sales returns and allowances, and net sales. 18 0 obj endobj 11 0 obj >> /MediaBox [0.0 0.0 612.0 792.0] Sometimes companies distribute earnings, instead of retaining them. +R X4#4fk^L*qNeSE1gZYflQ`3^*. Are you interested in gaining a toolkit for making smarter financial decisions and communicating decisions to key stakeholders? English If your employer has contracted with HBS Online for participation in a program, or if you elect to enroll in the undergraduate credit option of the Credential of Readiness (CORe) program, note that policies for these options may differ. Together, they provide an understanding of profits and a basis on which to make predictions about the company's financial future. /MediaBox [0.0 0.0 612.0 792.0] /MediaBox [0.0 0.0 612.0 792.0] 0000005416 00000 n Financial statements are the records of a company's financial condition and activities during a period of time. 0000003630 00000 n A financial statement helps in revealing the true financial position of a company. @Dw:6u;DD4H{c_ '(8X;kGCp$In,1l1r}L~|ANn4'e#MIhF=~RuD8"yoIRCalM.-_HO=6QBG;aPm(.Q=T!YjMQ 'n;fI *6KO\2;Drfs%k[d4btx %mTDLw8ytt\~_my,DLz=AMpZmm@;*7G . f-X^V3jb>cYm1r Eu5i%DbUaLV,K22s;NKx"KbI eav's8coO%@Y@? , XAB2\&]%N@)8`Ll [#2X4k_PmL2Tcy+!d(=3:YLZZ_shzP q This is often called income from operations.. Long-term liabilities are obligations due more than one year away. << Step 1. Hence, the financial statement of a manufacturing unit would be different from that of a restaurant. A financial statement helps determine the prospects and viability of new investments. /F 2 (3dd4258a2cf84b08bf9ae9235cb2c7f4_46) [21 0 R /XYZ null 679 null] NCERT Textbook And Solution PDF << /Parent 2 0 R /Annots [137 0 R] << Income statements show how much money a company made and spent over a period of time. These consolidated financial statements were approved for issue by the Board of Directors on February 23, 2023. You can apply for and enroll in programs here. This template helps to create annual profit projection for up to four physical products or services. endobj Aside from the size and nature, all businesses and companies can use this financial statement template to create spotless financial statements in order to make the financial reporting procedure most effective. Liabilities refer to money a company owes to a debtor, such as outstanding payroll expenses, debt payments, rent and utility, bonds payable, and taxes. /MediaBox [0.0 0.0 612.0 792.0] The state of Wisconsin follows the format set out in the Individual Financial Statement Template. If a company has a debt-to-equity ratio of 2 to 1, it means that the company has two dollars of debt to every one dollar shareholders invest in the company.