Financial+Statement+Components

=Financial Statement Components= The principle means of communicting useful financial information is the general purpose financial statement. A financial statement is made up of components. (Meta data: RDF/OWL Ontology)

Phase A of the conceptual framework project defined financial statements a company would report. Financial statements communicate information about the elements of a financial statement. These are outlined below (Note that "Related disclousres" has been broken down into more detailed categories):
 * **Balance sheet** - communicates the financial position of an entity as of end of the period. (A balance sheet reports assets, liabilities, and equity.)
 * **Income statement** - communicates the earnings for a period. (An income statement reports revenues, expenses, gains, losses.)
 * **Comprehensive income** - communicates changes in equity for a period from transactions other than investments by or distributions to owners.
 * **Cash flow statement** - communicates the cash flows for a period.
 * **Statement of changes in equity** - communicates the investments by owners and distributions to owners for a period. (A statement of changes in equity reports investments by owners and distributions to owners.)
 * **Related disclosures**- communicates additional details and can be brokend down into the following categories:
 * Organization
 * Consolidation
 * Basis of Reporting and Presentation of Financial Statements
 * Significant Accounting Policies
 * Disclosures, Financial Statement Accounts
 * Disclosures, Broad Transaction Categories