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Home Categories Financial Statements Cash flow from operating activities is an important benchmark for determining the financial success of the company’s core business. The cash flow statement provides data on all cash inflows that the company receives from its current activities and external sources of investment. The Chart of Accounts (COA) is a financial organizational tool that provides a complete list of all accounts in a company’s general ledger, broken down into subcategories. A standard size financial statement displays entries as a percentage of the total base figure, rather than as absolute numeric figures. A total income statement is a profit and loss statement in which each item is expressed as a percentage of revenue or sales. A contingent liability is a potential liability that may arise in the future, such as pending litigation or compliance with product warranties. Shared capital, also known as paid-in capital, is cash and other assets that shareholders have provided to a company in exchange for shares. A current account deficit indicates that a country is importing more than it is exporting. Current assets is the account shown on the balance sheet that shows the value of the assets owned by the company that can be converted into cash through liquidation, use or sale within one year. Current liabilities are the company’s short-term financial liabilities that mature within one year or within the normal operating cycle.