The four basic financial statements include the balance sheet,income statement,statement of retained earnings,and statement of cash flows.

Financial Statements

Compiled reports that show a company's financial health, including balance sheet, income statement, and cash flow statement, among others.

Balance Sheet

A financial statement that gives a snapshot of a company’s financial condition at a specific time, detailing assets, liabilities, and shareholders' equity.

Income Statement

A financial document that presents a company's revenues, expenses, and profit over a specific period, typically a quarter or year.