Financial Statements:

Income Statement: Summarizes the revenues, expenses, and net income or loss for a specific
period.
Balance Sheet: Provides a snapshot of a company’s financial position at a specific point in time,
showing its assets, liabilities, and equity.
Cash Flow Statement: Reports the cash inflows and outflows from operating, investing, and
financing activities during a specific period.
Budgets:
Operating Budget: Projects the revenues, expenses, and income for a specific period, often
broken down by departments or cost centers.
Capital Budget: Plans for the acquisition of long-term assets such as equipment or property and
estimates their costs and financing.
Audit Reports:
Internal Audit Report: Evaluates the effectiveness of internal controls, compliance with policies
and procedures, and identifies areas for improvement.
External Audit Report: Provides an independent opinion on the fairness of a company’s financial
statements in accordance with accounting standards.
Financial Analysis:
Ratio Analysis: Calculates and interprets key financial ratios such as liquidity ratios, profitability
ratios, and solvency ratios to assess a company’s financial health.
Trend Analysis: Compares financial data over multiple periods to identify patterns or trends in
performance.
Tax Documents:
Tax Returns: Reports income, deductions, and tax liabilities for individuals or businesses to
comply with tax laws.
Tax Planning Strategies: Outlines strategies to minimize tax liabilities through deductions,
credits, and other tax-saving opportunities.
Internal Controls:
Policies and Procedures Manual: Documents the organization’s internal controls, including
segregation of duties, authorization procedures, and safeguarding of assets.
Risk Assessment Report: Identifies and evaluates potential risks to the organization’s financial
integrity and recommends controls to mitigate these risks.
These are just a few examples of documents commonly used in accounting. Depending on the
specific needs of a company or organization, additional documents may be created to support
financial management, reporting, and decision-making processes.