Finance accounting

Financial Statements

Statement of Income

revenue/expenses before tax, tax, net income.

Statement of changes in Equity

share capital, net income, retained earnings (not issued as dividends)

Share capital

common_shares_period =
  period_start_common_shares
  + common_shares_sold
  - common_shares_repurchased

Retained earnings

retained_earnings =
  period_start_retained_earnings
  + revenues
  - expenses
  - dividences_paid

Financial Position (balance sheet)

assets =
  liabilities
  + shareholders_equity