The financial statements are the carriers of financial information that must be the fair presentation of the financial position, financial performance and cash flows in a company. According to the Accounting Law, the statutory financial statements are: balance sheet, income statement, cash flow statement, statement of changes in equity and notes. The objective of financial statements is to provide internal and external users with useful information that will help conceive economic decisions. The balance is a systematic overview of assets, capital and liabilities on a particular day. Income statement is a report that illustrates business performance through a certain amount of time. Cash flow statement provides information about cash receipts and expenses during the reporting period and the balance of cash and cash equivalents at the end and beginning of the accounting period. Statement of changes in equity presents the changes in equity that developed between the balance sheet dates. Notes are for further explanations, elaboration and presentation of data from the balance sheets, income statements, cash flow statements and statements of changes in equity.