What are the elements of financial statements?

The elements of financial statements are the classes of items contained in the financial statements. Examples of elements include assets, liabilities, equity or net assets, revenues, expenses, gains, and losses.

You can learn more about the elements by reading the FASB's Statement of Financial Accounting Concepts No. 6, Elements of Financial Statements, at www.FASB.org.

Free Financial Statements Cheat Sheet

301,099
Subscribers
You are already subscribed. This offer is not available to existing subscribers.
Error: You have unsubscribed from this list.
Step 2: Please check your email.