Financial statements

RECENT NEWS
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It’s time for investors to shift how they measure a company’s strengths and weaknesses away from accounting data to things that matter, says Baruch Lev.
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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...
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Automotive World  Apr 14  Comment 
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Motley Fool  Mar 20  Comment 
A company's financial statements are a great way to learn about its financial condition.
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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...




 

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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