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General purpose financial report(GPFR) is a financial report that is required by the government or accounting professional groups to be prepared by every firm.
The aim of that is to give general information about the firm,and it could give some information for the user to make decision, as there are many different info-based users who deponds on the GPFR, which definitely could not give the comphrehasive information to help those people to make decisions.
But the objective is to make it a little useful to
every potiantial users, that's why it's called general purpose financial report.
What else can I help you with?
A combined financial statement of a parent company and its subsidiaries is called?
a consolidated financial statement
A combined statement of a parent company and its subsidiary is called?
a consolidated financial statement
What is a short specific statement of the purpose and direction of a business called?
It would be the company's vision statement.
What is the first argument of an IF Statement called and what is its purpose?
The first argument of an IF statement is called the logical test. Its purpose is to evaluate a condition as either true or false. Based on the result of this test, the IF statement will execute different code blocks.
What financial statement lists a company's assets liabilities and owner's equity as of a specific date is called?
A Balance Sheet, also sometimes referred to as a Statement of Financial Position.
Is an opening statement that outlines that purpose of a constitution is it called a preamble?
yes!
Is an opening statement that outlines the purpose of a constitution called the preamble?
True
What is the financial statement that summarizeseunue and expenses for a ific period of time called?
The financial statement that summarizes revenues and expenses for a specific period of time is called the Income Statement, also known as the Profit and Loss Statement. It provides an overview of a company's financial performance, showing how much money was generated and spent, ultimately indicating the net profit or loss for that period. This statement is essential for assessing the company's operational efficiency and profitability.
The changes in financial statement items from a base year to following years are called?
The change in financial statement items from a base year to following years are called trend percentages. A trend percentage can show several years of financial data, with 100% in the base year and the set percentage of the other years.
What is the statement that summarizes a firm's financial condition on a specific date is called?
The statement that summarizes a firm's financial condition on a specific date is called a "balance sheet." It provides a snapshot of the company's assets, liabilities, and shareholders' equity, allowing stakeholders to assess the firm's financial stability and liquidity at that point in time.
A sentence stating an opinion or belief as the purpose for developing a paper is called?
Two options are:topic sentencethesis statement
What is considred to be a personal finance statement?
A financial statement (or financial report) is a formal record of the financial activities of a business, person, or other entity. In British English-including United Kingdom company law-a financial statement is often referred to as an account, although the term financial statement is also used, particularly by accountants. For a business enterprise, all the relevant financial information, presented in a structured manner and in a form easy to understand, are called the financial statements. They typically include four basic financial statements, accompanied by a management discussion and analysis.
