Balance sheet, profit and loss, and cash flow reports
In some countries, companies are required by law to submit their financial data in
electronic form to public authorities. This includes the balance sheet and profit and loss
statement.
Typically, a statement of cash flow is included in the financial statements that are generated at year-end. The primary function of a statement of cash flow is to provide this information:
- Changes in balance sheet accounts
- Change in the profit and loss statement
- How the balance sheet accounts and profit and loss statement affect cash and cash equivalents
The cash flow analysis is separated into operating, investing, and financing activities.
United Kingdom specifics
The Companies House XML Software Filing Service provides an electronic means of transferring company accounts data. Accounts information is electronically formatted based on the XBRL standard. This standard enables all accounts data to be examined, stored, and exchanged with other systems.