Short Answer: An Owner's Equity Statement ties together (integrates) the other three primary Financial Statements.  An investment's prospective Financial Statements are never full integrated.  Therefore, the Owner's Equity Statement is necessarily ignored.

Four primary Financial Statements are used to fully integrate Financial Statements, they are Income Statement, Balance Sheet, Cash Flow Statement and Owner's Equity Statement.

Below describes the term fully integrated as between the four primary Financial Statements:

• Income Statements (i) capture economic activity over a month, quarter or annual period.  An organization's revenue less expenses generate the Income Statement's Net Income.
• Balance Sheets (b) capture an organization's account balances at a point in time.  Balance Sheets exist at both the beginning and ending date of Income Statements (i).
• Cash Flow Statements (c) present changes to Balance Sheets (b) account balances over the Income Statement's (i) period.  More specifically, a Cash Flow Statement (c) line item tracts the cash issuance and dividend activity of the change in the Balance Sheet's (b) Owner's Equity account.
• Owner's Equity Statements (e) are established and relieved by the Cash Flow Statement's (c) Owner's Equity account activity and the Income Statement's (i) Net Income activity.  The beginning and ending balances of the Owner's Equity Statement tie to the two Balance Sheets (b) Owner's Equity account balances.

Historical Financial Statements are always fully integrated, a given.  An investment opportunity's prospective Financial Statements are never fully integrated.  An investment's prospective Owner's Equity Statement (e) is never able to fully tie together (integrate) the other three primary Financial Statements due to ignored time-value axioms and circular computational references.  Investment prospective Owner's Equity Statements are therefore necessarily ignored.

A proper investment's fully integrated prospective Owner's Equity Statement (e) is finite.  It always begins and ends in zero, as do investment opportunities themselves.