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Full set accounting refers to a set of financial statements. The statements are made up of financial position, comprehensive income, changes in equality, and cash flow.
Unqualified audited financial statement is set of financial statements which are audited by external financial auditors and found "True and fair view" of financial statements and clear from any fraud etc.
Comparative financial statements compares one set of financial statement with another set of financial statements while consolidated financial statement is prepared where in company there is parent and child company relationship exists to join the financial statements of parent and child company as a single financial statements.
income statement
How might changing one of the financial statements affect the other financial statements?
Financial Statements Are Derived from Historical Costs. ... Financial Statements Are Not Adjusted for Inflation. ... Financial Statements Do Not Contain Some Intangible Assets. ... Financial Statements Only Cover a Specific Period of Time. ... Financial Statements May Not Be Comparable. ... Financial Statements Could be Wrong Du
In American financial statements, Stockholder's Equity is the last set of items on the balance sheet.
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what is seveals of the companys financial health
Financial Statements Are Derived from Historical Costs. ... Financial Statements Are Not Adjusted for Inflation. ... Financial Statements Do Not Contain Some Intangible Assets. ... Financial Statements Only Cover a Specific Period of Time. ... Financial Statements May Not Be Comparable. ... Financial Statements Could be Wrong Du
It is the process of understanding a companys finacial health,profitability and financial position.this includes 1.understanding the company's financial statement and related footnotes analyzing trends in a financial statements over time comparing with competitors' benchmarks identifying the risk and opportunities based on financial analysis
Why are the dates on financial statements important