If you’re new to investing and want to know what to read first – especially as reports land in Australia’s company reporting season – here’s where to start.

These include a statement of financial position, a statement of cash flows and a statement of changes in shareholders' equity-also known as a report on retained earnings.

Dearden, John. "Note on the Statement of Changes in Financial Position." Harvard Business School Background Note 182-265, May 1982. (Revised August 1986 ...

In a financial glossary, "balance sheet," "statement of financial position" and "report on financial condition" are identical phrases. A balance sheet includes assets, liabilities and equity items.

Smaller organizations with limited staff may have difficulty implementing FASB’s new standard on presentation of not-for-profit financial statements. These best practices can make the work easier.