Key financial documents that are produced at the end of a business’s financial period, that summarise what has happened from a financial viewpoint throughout the period. The following documents may form part of a business’s financial accounts: Income statement (profit & loss account) – the statement of a firm’s income and expenditure and the level of profit made over a trading period (usually a year); Balance sheet – the snapshot of a firm’s assets, liabilities and sources of finance at a particular point in time; Cash flow statement – the report detailing where sources of cash are and how cash has been used within the business. (NB only required for public limited companies ie PLC’s).