Main Financial Statements Required by US GAAP
| Nonprofits | For Profit Corporations |
|---|---|
| Statement of Financial Position | Balance Sheet |
| Statement of Activities | Income Statement or Statement of Operations |
| Statement of Functional Expenses (for some organizations) | |
| Statement of Cash Flows | Statement of Cash Flows |
| Statement of Stockholders' Equity | |
| Notes to Financial Statements | Notes to Financial Statements |
BoardSource: Take the Fear out of Financial Statements