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Financial Statements could be of a individual or a company/business.
Personal Financial statement would give all the personal financial information of the individual, for ex. his years income, sources of his income, his expenses, things he spent on, etc.
A company's or business's financial statement would give you the complete idea of the company including the income of the company, the expenses, the amount of money spent on labor, gross profit of the company, net profit, etc.
Financial Statements are something that are used by any company requires to check your credit, for ex. you going to buy a car/house, etc.
What else can I help you with?
What are principle accounting reports involved in financial reporting in general terms what is the purpose of these reports?
The results of the accounting process are the 5 core financial sections: Balance sheet Income statement Statement of changes in equity Statement of cash flows Notes to the financial statements.
What terms is used to describe an if-then statement?
conditional
What is pnl?
Profit and Loss statement, if you were referring to financial terms
What is a general statement in an essay?
It introduces the essay's theme is in general terms.
In broad terms what is a financial statements?
financial statement is simply a declaration of what is believed to be true about an enterprise, communicated in terms of a monetary unit, such as the dollar.
Do the terms financial reporting and financial statement mean the same thing explain?
No they do not mean the same thing. Financial reporting is the more indept report. A financial statment are a subset of the total information in the financial report.
What is the role of an auditor in terms of the financial statement?
External Auditor has the role to materially evaluate the financial statements and provide his opinion that 'Does financial statements reflects true and fair activities of business' or not.
What items appears on both the income statement and statement of owner equity?
The net income appears on both the income statement and the statement of owner's equity. This is an important operating datum in financial terms.
What is the difference between a Vision Statement a Mission Statement and a Quality Policy statement?
A Vision Statement is a statement of the reason for being an organization. It defines the overal goal of the organization in terms of its strategic management. It should answer two main questions;Who are we?What are we to achieve?A Mission Statement is a statement of the "how" we are going to achieve our vision. This statement tells the general public what do we do and how we are doing it.A Policy Statement is the means by which you can describe, usually in detail, your actions as an organization. A Quality Policy Statement shows the intent of the top management team with regard to the management of quality.
What is the general statement for the stellar number at stage Sn in terms of n?
Need more information to answer this question
What terms best describe an increase in the general market price prices of goods and services?
Inflation
What is the most popular drama movie?
Probably in terms of general financial activity, Titanic. The l997 version.
