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Pr o f ern a mt e cu o r hgr P hs e f osa n o il! m isAEROSTAR has had the successive names URA1953, IRAv (aircraft repair company)1970, IAV (aircraft company)1978, and AEROSTAR S.A. since 1991, when
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Gather all financial documents including income statements, balance sheets, and cash flow statements.
02
Calculate the total revenue by adding up all incoming funds from sales and other sources.
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Deduct all expenses from the revenue to calculate the net income.
04
Prepare the balance sheet by listing assets, liabilities, and equity.
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Create a cash flow statement by documenting the inflow and outflow of cash over a specific period.
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Who needs company financial statements for?

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Investors who are considering investing in the company.
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Management team to make informed decisions based on the financial performance of the company.
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Company financial statements are used to provide a summary of the financial performance and position of a business over a specific period, helping stakeholders understand its profitability, liquidity, and overall financial health.
Typically, all publicly traded companies and certain private companies are required to file financial statements, often mandated by government regulations and accounting standards.
To fill out company financial statements, one must gather and organize financial data, follow the appropriate accounting principles, ensure accuracy, and complete the various required sections including the balance sheet, income statement, and cash flow statement.
The purpose of company financial statements is to provide an overview of a company's financial performance and condition, helping investors, regulators, and other stakeholders make informed decisions.
Company financial statements must report on assets, liabilities, equity, revenue, expenses, profits or losses, and cash flows within a specified reporting period.
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