The foundation of finance is the four basic financial statements. They are measured and reported based on Generally Accepted Accounting Principles which are a rule based set up standards to ensure the financial transaction are reported consistently over time, across multiple industries. What are the names of these financial statements? Are they reported at a point in time or over a period? What adjustments would you have to make to the income statement in order to approximate the cash coming into the company and the cash going out of the company? Measuring cash flow and reporting on it is very important to determining many financial metrics.

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