All-Purpose Financial Statement
Barron's Accounting Dictionary:
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All-Purpose Financial Statement
One that satisfies the needs of all financial statement users. The financial statements included in the annual report and in SEC Form 10- k are intended for diverse parties such as stockholders, potential investors, creditors, employees, and suppliers.
| All Inclusive Income Concept, Alimony Payment, Algebraic Method | |
| Allocate, Allocation, Allotment |
Investopedia Financial Dictionary:
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All-Purpose Financial Statement
A record of financial activity that is suitable for a variety of users to properly assess the financial health of a company. An all-purpose financial statement is a type of financial statement that is intended for review by diverse groups, such as potential investors, creditors, employees, shareholders and suppliers.
Investopedia Says:
All-purpose financial statements include the balance sheet, income statement, cash flow statement and could include the statement of retained earnings. A public company produces all-purpose financial statements on a quarterly and annual basis.
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Barron's Accounting Dictionary
Dictionary of Accounting Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
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