Financial statements
Financial statements are used by accountants for analyzing of data saved in a database. They are very flexible and allow for the creation of specific forms of statements required in given country.
The most commonly used financial statements are typical accounting statements such as: balance sheet, profit and loss account or cash flow statement. With the use of financial statements the system allows the user to define individual financial ratios (e.g. liquidity ration).
Financial statement is composed of header and elements. The structure of a financial statement is similar to the structure of the chart of accounts. This is a tree with any number of branches on the same level and any number or sub-branches assigned to them. There is no limitation as to the number of levels which can be added to particular branches