Which of the following is NOT one of the four main types of financial statements?

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The correct answer identifies that a business plan is not one of the four main types of financial statements. Financial statements serve to provide a summary of the financial performance and position of a business, which is crucial for stakeholders such as investors, creditors, and management.

The four primary financial statements include the income statement, which reports on the company’s revenues and expenses over a specific period, revealing the operational performance. The balance sheet reflects the company's financial position at a particular point in time, listing assets, liabilities, and equity. The cash flow statement tracks the inflows and outflows of cash, providing insight into the company’s liquidity and cash management.

In contrast, a business plan is a comprehensive document that outlines a business's goals, strategies, and the means to achieve these goals. While it may include financial projections and is an important tool for planning and guiding a business, it does not fit the definition of formal financial statements that summarize historical financial data.

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