Title: Accounting equation
Content:  A company's quarterly and annual reports are basically derived directly from the accounting equations used in bookkeeping practices. These equations, entered in a business's general ledger, will provide the material that eventually makes up the foundation of a business's financial statements. This includes expense reports, cash flow and salary and company investments.
Title: Financial statement
Content:  not included while determining net income.  Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand. They typically include four basic financial statements accompanied by a management discussion and analysis:  (Notably, a balance sheet represents a single point in time, where the income statement, the statement of changes in equity, and the cash flow statement each represent activities over a stated period.) For large corporations, these statements may be complex and may include an extensive set of footnotes to the financial statements and management discussion and analysis. The notes typically describe each item on the balance sheet, income statement and cash flow statement in further detail. Notes to financial statements are considered an integral part of the financial statements.
Title: Outline of accounting
Content: Balance sheet – summary of the financial balances of a sole proprietorship, a business partnership, a corporation or other business organization, such as an LLC or an LLP. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. ; Cash flow statement – financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities. ; Income statement – financial statement that indicates how the revenue (money received from the sale of products and services before expenses are taken out, also known as the "top line") is transformed into the net 
Title: Financial accounting
Content:  debt) payable ; long term liabilities ; mortgage notes payable ; bonds payable The balance sheet is the financial statement showing a firm's assets, liabilities and equity (capital) at a set point in time, usually the end of the fiscal year reported on the accompanying income statement. The total assets always equal the total combined liabilities and equity. This statement best demonstrates the basic accounting equation: Assets = Liabilities + Equity The statement can be used to help show the financial position of a company because liability accounts are external claims on the firm's assets while equity accounts are internal claims 
Title: Financial statement
Content: 1) A balance sheet or statement of financial position, reports on a company's assets, liabilities, and owners equity at a given point in time. ; 2) An income statement—or profit and loss report (P&L report), or statement of comprehensive income, or statement of revenue & expense—reports on a company's income, expenses, and profits over a stated period. A profit and loss statement provides information on the operation of the enterprise. These include sales and the various expenses incurred during the stated period. ; 3) A statement of changes in equity or statement of equity, or statement of retained earnings, reports on the changes in equity of the company over a stated period. ; 4) A cash flow statement reports on a company's cash flow activities, particularly its operating, investing and financing activities over a stated period. ; 5) A comprehensive income statement involves those other comprehensive income items which 
Title: Balance sheet
Content:  In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition". Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business' calendar year. A standard company balance sheet has two sides: assets on the 
Title: Forensic accountant
Content:  Financial statements are very important to forensic accountants because they must analyze the information given on the statements and compare that information to other sources. The balance sheet, income statement, statement of owner's equity, and statement of cash flows are the four most important financial statements that forensic accountants look at; however, they also look at business plans and disclosures in footnotes. The balance sheet shows the financial position of a company at a given point in time. It lists the company's assets, liabilities, and owner's equity while showing the resources of the company. The income statement shows the results of the company's operations during a period of time, revenues minus expenses for a given time period ending at a specified date. The statement of owner's equity, also known as the statement of retained earnings or the equity statement, reconciles the beginning and ending retained earnings 
Title: Accounting equation
Content:  The accounting equation plays a significant role as the foundation of the double-entry bookkeeping system. The primary aim of the double-entry system is to keep track of debits and credits and ensure that the sum of these always matches up to the company assets, a calculation carried out by the accounting equation. It is based on the idea that each transaction has an equal effect. It is used to transfer totals from books of prime entry into the nominal ledger. Every transaction is recorded twice so that the debit is balanced by a credit.
Title: Accounting equation
Content:  The income and retained earnings of the accounting equation is also an essential component in computing, understanding, and analyzing a firm's income statement. This statement reflects profits and losses that are themselves determined by the calculations that make up the basic accounting equation. In other words, this equation allows businesses to determine revenue as well as prepare a statement of retained earnings. This then allows them to predict future profit trends and adjust business practices accordingly. Thus, the accounting equation is an essential step in determining company profitability.
Title: Accounting equation
Content:  are shareholders, owner's equity is called shareholders' equity. Every accounting transaction affects at least one element of the equation, but always balances. Simple transactions also include: These are some simple examples, but even the most complicated transactions can be recorded in a similar way. This equation is behind debits, credits, and journal entries. This equation is part of the transaction analysis model, for which we also write   and The equation resulting from making these substitutions in the accounting equation may be referred to as the expanded accounting equation, because it yields the breakdown of the equity component of the equation. 

Question: which financial statement involves all aspects of the accounting​ equation?
Answer: balance sheet.
The balance sheet.