The most common financial statements are…the balance sheet, income statement, cash-flow statement, and the statement of shareholder’s equity. Financial statements provide many benefits as they provide a snapshot of the long-term health and growth of a company and each has a unique role to play in measuring performance, financial position, and cash flows of a business and should  be reviewed by owners, lenders, creditors and management in the evaluation a company’s financial position and creditworthiness.