What are the major financial statements and what types of information does each provide the user? There are four type of financial statement: income statement, balance statement, cash flow statement, and statement of shareholders equity. Income statement- the income statement is where one will find a firms revenues, gains, expenses and losses. Revenue is money earned from business operations. Expenses is the cost that associated with earning revenue. Gain and loss are formed when a company sells one of its assets. The calculation for net income or net loss is revenue minus expenses plus gains minus losses. The balance statement-the balance sheet is where one will find the equation assets equal liability plus shareholders equity the assets can be either fixed or current and the...