The Major Financial Statements Accounting data are useful in assessing the t a economic prospects of the firm. An investor can use financial data as inputs into stock analysis and estimate the intrinsic value of common stocks 8. There are three basic sources of data The income statement The balance sheet The statement of cash flowsThe Major Financial Statements ❖ Accounting data are useful in assessing the economic prospects of the firm. – An investor can use financial data as inputs into stock analysis and estimate the intrinsic value of common stocks. ❖ There are three basic sources of data: – The income statement – The balance sheet – The statement of cash flows