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Should you prepare notes to explain items in your financial statements?
Wiki User
∙ 10y ago
Yes it describes your business plan and helps you to grow in the proper way. A business plan gives others especially lenders an insight into the business, the strategies and the ROI (Return on Investment) expected along with the allocation of resources. To know more visit (See related Link)
Wiki User
∙ 10y ago
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What level of knowledge should users of financial statements have?
What level of knowledge should users of financial statements have?
Explain why a regulatory framework is necessary?
Regulatory framework is necessary for the preparation of Financial statements. - Financial statements are used by investors, lenders and customers (to name but few) and must be helpful for those stakeholders for making decisions. - Statements should be comparable and provide basic information.
Have financial statements lost its importance?
No. Financial Statements are the only way to measure financial performance. Perhaps the questioner should elaborate why he/she thinks that financial statements may have lost their relevance.
What is common financial denominator?
The financial statements should be stated in terms of a common financial denominator?
Presenting consolidated financial statements this year when statements of individual companies were presented last year is?
an accounting change that should be reported by restating the financial statements of all prior periods presented.
What financial information should a business plan contain?
financial statements (if the business has already been operating)budgetpricingprojections
Should corporate managers be in charge of financial statements?
no. it could be 30% chance!
What are the qualities that financial statements should possess?
Understandability,Consistency,Relevance and Reliability:)
Should financial statements be capitalised?
No. Not unless it is a proper noun, which could be a brand, name, company, etc.
What disclosures should be made in the equity section of the balance sheet rather than in the notes to the financial statements?
define liquidation preferences as disclosures should be made in the equity section of the balance sheet, rather than in the notes to the financial statements
Financial statements and consolidated financial statements?
Consolidated financial statements are financial statements that present the assets, liabilities, equity, income, expenses and cash flows of a parent and its subsidiaries as those of a single economic entity. visit page: cndhearingsolution .co.nz/ear-suction
How much should you pay a CPA by the hour to prepare your financial statements?
In the southwest part of the country you can expect to pay anywhere from $100-150 dollars an hour for services of a C.P.A firm. They work almost exactly like an attorney.
