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The Value at Risk
Nov 27
Comment
Due to the complexity of corporate financial statements, the prospect of deciphering meaningful insight can be a daunting task. Furthermore, the ratios deployed by professional analysts are numerous, effectively creating a thousand piece jigsaw...
The Wikinvest Daily Angle
Nov 25
Comment
Today’s Daily Angle comes from Wikinvest Wire member Saj Karsan of BarelKarsan.com. You can read the full article on Saj’s blog.
Investors should be aware that certain stakeholders of financial statements can exert pressure or political...
The Value at Risk
Nov 5
Comment
The formal definition of depreciation is the systematic allocation of the cost of an asset, as an expense, over a period of time. If I were able to provide a definition for depreciation, it would be " a non-cash expense on the income statement,...
Business Times - Malaysia
Oct 27
Comment
THE Securities Commission (SC) has given MEMS Technology Bhd 14 days to adjust its re-issued financial statements dated Oct 7.
It also required MEMS to announce to Bursa Malaysia the adjustments made, the reasons for the adjustments and its...
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more ▼WIKI ANALYSIS
WIKI ANALYSIS| This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition. |
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:
- The Income Statement
- The Balance Sheet
- The Cash Flow Statement
- The Statement of Shareholder's Equity
References
- ↑ "The Framework for the Preparation and Presentation of Financial Statements" International Accounting Standards Board. Accessed 11 March 2009.
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