Financial statements

RECENT NEWS
The Times of India  May 5  Comment 
Institute of Chartered Accountants of India is reviewing financial statements of certain Vijay Mallya group firms,initiated as per provisions of the Chartered Accountants (Amendment) Act, 2006, to assess the role of auditors. It has warned of...
newratings.com  Apr 30  Comment 
Annual financial statements for 2015: Challenging financial year with significant progress on strategy implementation aap Implantate AG / Annual financial statements for 2015: Challenging financial year with significant progress on strategy...
Automotive World  Apr 14  Comment 
Publication of quarterly report on 31 May 2016 Subsequent to postponing the presentation of its annual financial statements, Volkswagen Aktiengesellschaft will make an exception to its quarterly publication schedule and present its financial...
Motley Fool  Mar 20  Comment 
A company's financial statements are a great way to learn about its financial condition.
newratings.com  Mar 15  Comment 
secunet Security Networks AG: Annual Financial Statements and Annual Report for 2015; 2016 Profit Distribution and Forecast DGAP-News: secunet Security Networks AG / Key word(s): Final Results/Forecast secunet Security Networks AG: Annual...
The Economic Times  Feb 11  Comment 
With the new accounting norms set to be implemented from April this year, the Corporate Affairs Ministry has sought views from stakeholders on the draft format.
Motley Fool  Feb 8  Comment 
Where to go when the financial statements aren't enough.
Motley Fool  Jan 19  Comment 
Just because the money's there doesn't mean you can use it.




 

Financial statements are written reports which summarize a business' financial condition. According to the International Accounting Standards: "The objective of financial statements is to provide information about the financial position, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions."[1]

The four basic types of financial statements are:


References

  1. "The Framework for the Preparation and Presentation of Financial Statements" International Accounting Standards Board. Accessed 11 March 2009.
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