I have written on reading some part of the financial statement, a year back here. As it does not cover the financial statements thoroughly, this post will be a good pre-read before we delve into the "deeper" stuff.
Some of this post material is from the book: How I become a profitable trader after losing $30,000(by Koh Ming Shao), you can either buy the book online or borrow the book from the library(remember my tip on borrowing books from the library?)
So let's get straight to the point!
A typical company financial statement is made up of 3 component