An example of a federal principal financial statement is the

Federal principal financial statements are required under OMB Circular A-136 and FASAB standards. They include:

Statement of Budgetary Resources (SBR)

Balance Sheet

Statement of Net Cost

Statement of Changes in Net Position

Statement of Custodial Activity (if applicable)

There is no “Statement of Cash Flows” or “Statement of Net Income” in federal accounting — those are private-sector financial statements.

Relevant References:

OMB Circular A-136

FASAB SFFAS No. 53 – Principal Financial Statements

Treasury Financial Manual (TFM) Volume I

Answer: B. Statement of Budgetary Resources