Financial statements - Finance Records
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Topic: Financial statements


  
 Financial statements - Wikipedia, the free encyclopedia
Financial statements (or financial reports) are a record of a business' financial flows and levels.
The government financial statements usually include a statement of activities (similar to an income statement in the private sector), a balance sheet and often some type of reconciliation.
Each statement presents financial data relating to a company's or a group's current financial health, business results for the previous period, and other indicators that are used by the company's stakeholders to assess the health of a company.
http://en.wikipedia.org/wiki/Financial_statements   (882 words)

  
 Encyclopedia4U - Financial statements - Encyclopedia Article
More information on the role of financial statements in business can be found at corporate finance, accounting, and auditing.
Each statement presents financial data relating to a company's current financial health, business results for the previous period, and other indicators that are used by prospective investors to consider purchasing the company's stock.
This set most often consists of the "balance sheet", the "income statement", the "statement of retained earnings", and the "statement of cash flows", in addition to supplementary notes and management discussion.
http://www.encyclopedia4u.com/f/financial-statements.html   (253 words)

  
 Item 310 -- Financial Statements
Financial statements of a small business issuer, its predecessors or any businesses to which the small business issuer is a successor shall be prepared in accordance with generally accepted accounting principles in the United States.
Interim financial statements shall include a balance sheet as of the end of the issuer's most recent fiscal quarter and income statements and statements of cash flows for the interim period up to the date of such balance sheet and the comparable period of the preceding fiscal year.
For a purchase, pro forma statements of income reflecting the combined operations of the entities for the latest fiscal year and interim period, if any, and for a pooling of interests, pro forma statements of income for all periods for which income statements of the small business issuer are required.
http://www.law.uc.edu/CCL/regS-B/SB310.html   (3424 words)

  
 Personal Financial Statements
Financial statement users rely on them for making financial decisions with the focus on an individual's assets and liabilities.
Personal financial statements are used to assist those who are looking to obtain loans, enter into various business arrangements, invest in real estate, and evaluate their estate planning goals.
Personal financial statements are usually mandatory in circumstances such as marital separation and divorce.
http://www.urgentbusinessforms.com/personal_financial_statement.asp   (597 words)

  
 Financial Statements as supplied by EagleTraders.com
A balance sheet (or statement of financial position) summarizes the financial position of an accounting entity at a particular point in time.
Financial statements are the most widely used and the most comprehensive way of communicating financial information to users of the information provided on the reports.
A statement of cash flows summarizes the impact of an enterprise's cash flows on its operating, financing, and investing activities over a given period of time.
http://www.eagletraders.com/advice/securities/financial_statements.htm   (923 words)

  
 Financial Statements
These statements can be prepared intermally or by the company's auditors (the outside accountants used by the firm).
Financial statements are the accounting reports prepared by a company.
Internal statements are called "unaudited", meaning that they have not been verified by a third party accountant.
http://www.finpipe.com/equity/finstate.htm   (367 words)

  
 Beginners' Guide to Financial Statements
They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders’ equity.
The fourth financial statement, called a “statement of shareholders’ equity,” shows changes in the interests of the company’s shareholders over time.
The changes in assets and liabilities that you see on the balance sheet are also reflected in the revenues and expenses that you see on the income statement, which result in the company’s gains or losses.
http://www.sec.gov/investor/pubs/begfinstmtguide.htm   (2829 words)

  
 IAS Plus International Accounting Standards: IFRS Financial Statements, Disclosure Checklist, Compliance Questionnaire
IFRS Model Financial Statements and Presentation and Disclosure Checklist for 2005 for Entities that Are Not First-time Adopters of IFRSs in 2005
These model financial statements were developed to illustrate the typical financial statement presentation and disclosures that are required of a company with subsidiaries and associates, presenting its consolidated financial statements under IFRSs for 2005 (not a first-time adopter, for which special rules apply under IFRS 1).
IFRS Model Financial Statements and Presentation and Disclosure Checklist for a 2005 First-time Adopter of IFRSs
http://www.iasplus.com/fs/fs.htm   (1260 words)

  
 CCH Business Owner's Toolkit Financial Statements
The statement of changes in owners' equity is used to bridge the gap between the amount of owners' equity at the beginning of the period and the amount of their equity at the end of the period.
Common size financial statements provides an easy way to spot trends in your balance sheets and income statements over time is to convert the dollar amounts to percentages.
The position statement, also known as the "statement of changes in financial position" or "sources and uses of cash," helps to explain how a company acquired its money and how it was spent.
http://www.toolkit.cch.com/text/P06_7001.asp   (522 words)

  
 Common Financial Reports Finance & Accounting > Financial Reporting
Income statements, statements of capital, balance sheets and cash-flow statements are four common financial reports.
Unlike the income statement and statement of capital, which show changes in a business's financial condition over time, the balance sheet — also referred to as a statement of financial condition — provides a snapshot of a company's financial position at a specific point in time.
Sources of cash listed on the statement include revenues, long-term financing, sales of non-current assets, an increase in any current liability account or a decrease in any current asset account.
http://www.allbusiness.com/articles/FinanceAccounting/1259-32-1791.html   (528 words)

  
 OCBOA Financial Statements
These financial statements have been prepared on the income tax basis of accounting, which is a comprehensive basis of accounting other than generally accepted accounting principles.
If the omitted disclosures were included in the financial statements, they might influence the user’s conclusions about the company’s assets, liabilities, equity, revenues and expenses.
We have audited the accompanying statements of assets, liabilities and stockholders’ equity—income tax basis of Ann Wholesale Inc. as of December 31, 2002 and 2001, the related statements of revenues and expenses—income tax basis for the years then ended.
http://www.aicpa.org/pubs/jofa/oct2003/ratcliff.htm   (2758 words)

  
 Financial Statements
There are two basic personal financial statements that everyone should prepare, or have a financial advisor prepare, at least once each year; the cash flow statement and the balance sheet.
The process of preparing personal financial statements will bring you closer to controlling your personal finances and accumulating sufficient assets to meet your objectives.
A cash flow statement is an ongoing financial document which tracks sources of income, uses of income, and the difference between the two (surplus funds which should be invested towards future financial objectives.)
http://www.fincalc.com/ucarticles/a4e.asp?css=   (489 words)

  
 CCH Business Owner's Toolkit Preparing Financial Statements
If you need to prepare financial statements for third parties, such as a banker, sometimes the third party may request that the financial statements be prepared by a professional accountant or certified public accountant.
After you have prepared your adjusting entries in the general journal, posted the general journal totals to the general ledger, and footed the general ledger accounts, you are ready to prepare financial statements.
If all adjusting entries have been made, and a trial balance done, preparing financial statements is really just a matter of putting the trial balance amounts onto properly formatted statements.
http://www.toolkit.cch.com/text/P06_1570.asp   (191 words)

  
 SBA - Financing Financial Statements
The primary financial statements are represented in the balance sheet and income statement.
Most business owners don't realize that financial statements have a value that goes far beyond their use to prepare tax returns or loan applications.
Prepare a balance sheet, income statement and/or cash flow statement for your business.
http://www.sba.gov/managing/financing/statement.html   (141 words)

  
 Results in
Three financial statements form the basis for tracking the financial status of your practice: the balance sheet, the income statement, and the cash flow statement.
Balance sheets and income statements are examples of accrual-based accounting.
Income statements show a comparison of the wealth generated by the organization and the expenses incurred as a result of generating that wealth during a specific time.
http://www.findarticles.com/p/articles/mi_m0BUM/is_2_83/ai_114005020   (353 words)

  
 Financial Statements
More importantly, we can help you use these statements, as well as other reports, to better manage your business and increase your profitability.
If you would like to learn more about using financial statements to make sound business decisions, we would be happy to assist you.
We can prepare or supervise the preparation of your financial statements.
http://www.vaughnhagencpa.com/finstatements.html   (324 words)

  
 LSU Financial Accounting & Reporting
A primary responsibility of the Financial Accounting and Reporting (FAR) division is the maintenance of the GLS in which all of the University's financial data is processed and stored.
FAR's responsibilities also include man­age­ment of the fiscal yearend closing pro­cess, preparation of all financial statements, and coor­dina­tion of the Legislative audit.
FAR also coordinates the issuing of bonds for University projects financed with self-generated funds, manages the accounting for all capital construction, and handles all long-term debt accounting records.
http://www.fas.lsu.edu/AcctServices/far_b   (230 words)

  
 Financial Statements
Known also as the profit and loss statement, the income statement shows all income and expense accounts over a period of time.
Financial statements are a key component in the process of managing your money.
This page offers essential tools to help, including: balance sheets, income statements, financial controls, accounting, recordkeeping, and designing a savings plan.
http://www.business.gov/topics/finances/financial_statements   (101 words)

  
 Amazon.com: Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports: Books: Thomas ...
Analysis of Financial Statements by Leopold A. Bernstein
The Interpretation of Financial Statements by Benjamin Graham
As I have had the occassion to prepare financial statements and reports on spreadsheet, I frequently found that when I had a basic (i.e., elementary) question about how to prepare the accounting entries, the chances were good that I would find the answer in this book.
http://www.amazon.com/exec/obidos/tg/detail/-/1564143414?v=glance   (1600 words)

  
 North Central College - Financial Statements
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States and include the best estimates and judgments of management.
The opinion of the independent auditors, Grant Thornton, LLP, based upon their audit of the financial statements, is an unqualified opinion.
Management is responsible for maintaining a system of internal control over financial reporting that provides reasonable assurance, at an appropriate cost-benefit relationship, about the reliability of financial reporting.
http://www.noctrl.edu/x6422.xml   (385 words)

  
 Pro forma financial statements financial definition of Pro forma financial statements. Pro forma financial statements ...
A firm's financial statements as adjusted to reflect a projected or planned transaction.
Pro forma financial statements financial definition of Pro forma financial statements.
Pro forma financial statements finance term by the Free Online Dictionary.
http://financial-dictionary.thefreedictionary.com/Pro+forma+financial+statements   (87 words)

  
 Federal Reserve Board: Reporting Forms, Financial statements
The FR 2314 consists of a balance sheet and income statement; information on changes in equity capital, changes in the allowance for loan and lease losses, off-balance-sheet items, and loans; and a memoranda section.
This report collects financial data from banking Edge and agreement corporations and from nonbanking Edge and agreement corporations in the form of a balance sheet and accompanying memorandum items, supporting schedules, and income statement.
The FR Y-7N consists of a balance sheet and income statement; information on changes in equity capital, changes in the allowance for loan and lease losses, off-balance-sheet items, and loans; and a memoranda section.
http://federalreserve.gov/boarddocs/reportforms/CategoryIndex.cfm?...   (1183 words)

  
 Financial Statements
When you are analyzing a financial statement, it is best to reduce amount comparisons to percentages or ratios so that you have an easy way to judge those comparisons.
Everyone in the business of analyzing financial statements has a few favorite ratios they utilize when determining the strengths or weaknesses of a specific financial statement.
The ratios that are used could change depending upon the industry the business is in, the size of the business, the accounting method that is used by the business and the amount of the credit desired and how healthy the company is.
http://www.creditworthy.com/topics/ratios.html   (187 words)

  
 Financial Statements
Complete audited financial statements are available at the office of The Hartford Courant Foundation.
http://www.hcfdn.org/annual-report/financial-page.htm   (14 words)

  
 eCornell: Course Catalog - Understanding Financial Statements
They must also be able to assess the overall financial performance of the organization, a particular department, or the competition, and then convey the organization's financial condition to its constituents.
This course is necessary for all professionals who deal with financial reports and need to understand how to accurately interpret and use the data to improve efficiency and productivity for their department and organization.
GAAP and FASB, and their influence on the structure and use of these financial statements
http://www.ecornell.com/catalog/fm/hame513.jsp   (345 words)

  
 Financial Statements OCFO EPA
FY 1999 Audited Financial Statements (PDF format 417KB)
FY 1998 EPA Financial Statements (PDF format 1.48M)
FY 2003 Annual Financial Statements (PDF format 386KB)
http://www.epa.gov/ocfo/finstatement/finstatement.htm   (182 words)

  
 Financial Statements Information at Business.com
Educational articles and standards for budgeting and financial reporting.
Devoted to business and financial reporting issues of interest to faculty, students, business professionals and other interested parties.
Provides financial management software for planning, budgeting, forecasting, consolidation, reporting, analysis, and dashboards.
http://www.business.com/directory/accounting/financial_statements   (350 words)

  
 Integrated Farm Financial Statements - IFFS
- MULTiple year integrated STATements combines the appropriate budgets with asset and liability information to generate financial statements.
Enterprise budgets and AI files can be summed to build a cash flow plan or actual summary data can be entered in a cash flow statement or plan.
generates financial statements-projected or actual- useful in decision making and evaluating performance.
http://www.agecon.okstate.edu/iffs   (284 words)

  
 Peachtree - Product Comparison Tool Descriptions -- Sage Software SB, Inc.
Easily produce financial statements to give you a picture of how your business is doing.
http://www.peachtree.com/peachtreeaccountingline/description.cfm?feature=94   (46 words)

  
 FASB: FASB Statements and Concepts Statements—Full Text, Summary, and Status
FASB Statements, Concepts Statements, Interpretations, Technical Bulletins, and EITF Abstracts are copyrighted by the Financial Accounting Standards Board, 401 Merritt 7, Norwalk, Connecticut 06856.
No part of the FASB Statements, Concepts Statements, Interpretations, Technical Bulletins, and EITF Abstracts as available at this FASB website may be further reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the Financial Accounting Standards Board.
To be certain that an FASB Statement that you are viewing has not been affected by either Statement 149 or Statement 150, you will need to look at the Status pages of Statements 149 and 150.
http://www.fasb.org/st   (3572 words)

  
 Financial Statement Software Personal Financial Statement Net Worth Net Worth Calculator Net Worth Software Small ...
A financial statement is like a roadmap for securing and building your financial future.
Whether you are applying for a personal or business loan or you are wanting to get a snapshot of your financial status the Personal Financial Statement software is a must have.
"A fundamental to creating and keeping great wealth is the financial statement."
http://www.myfinancialstatement.com   (458 words)

  
 fwzg.com - personal financial statements
Find personal financial statements and more at Lycos Search.
Find results for personal financial statements and anything else you are looking for instantly!
Find personal financial statements at one of the best sites the Internet has to offer!
http://www.fwzg.com/Personal-Financial-Statements.aspx   (212 words)

  
 Business Financial Statements - Small Business Financial Statements
A good financial management system tells you how your business is doing--and why.
Our Financial Management Expert explains where you might have gone wrong in balancing the books.
Learn how to invest smarter, safer and better from the experts at Ameriprise Financial.
http://www.entrepreneur.com/Your_Business/YB_Node/0,4507,410,00.html   (162 words)

  
 Financial Statements I IPTV Streaming Solutions I Optibase
Financial Statements I IPTV Streaming Solutions I Optibase
http://www.optibase.com/Content.aspx?id=122   (40 words)

  
 An Introduction to Understanding Financial Statements
This lesson serves as an introduction to financial statements and financial statement concepts.
Also, two basic financial statements—the balance sheet and the income statement—are introduced.
At the completion of the lesson, you will be given an opportunity to take an exam to receive a completion certificate.
http://bizzer.com/images/Financial   (275 words)

  
 Financial Statements of the International Monetary Fund
These quarterly financial statements do not include all the information and notes, and should be read in conjunction with the audited annual financial statement included in the IMF's Annual Report.
The financial statements of the IMF are prepared in accordance with International Financial Reporting Standards (IFRS).
Use the free Adobe Acrobat Reader to view these files.
http://www.imf.org/external/pubs/ft/quart   (77 words)

  
 Human Rights Watch: Financial Statements
The above are excerpts from our audited financial statements.
You may also obtain a full copy of the audited financial statements from:
Click here to view a copy of our most recent form 990.
http://hrw.org/donations/finance.htm   (66 words)

  
 Financial Statements: Lumenis
For additional information on Lumenis finances, please click on any of the links to the upper right.
To retrieve the document of your choice, click on the appropriate link below.
Sign up to receive the latest product, training and update information.
http://www.lumenis.com/wt/lumenis/financial_statements   (69 words)

  
 Insurance Financial Information
The Consumer Information Source allows consumers to view a variety information about insurance companies, including financial information.
Browsers that can not handle javascript will not be able to access some features of this site.
http://www.michigan.gov/cis/0,1607,7-154-10555_12902_18956---,00.html   (34 words)

  
 Financial Statements
the preparation of the annual financial statements and the judgments used in them
In the opinion of Council and management of Victoria University the financial statements for the financial year ended 31 December 2004 fairly reflect the financial position and operations of Victoria University and the group.
establishing and maintaining a system of internal control designed to provide reasonable assurance as to the integrity and reliability of financial reporting.
http://www.vuw.ac.nz/annualreports/2004/statements/statements.html   (77 words)

  
 NAAR: Select Financial Info
NAAR's most recent financial statements are available online.
NAAR is a 501(c)(3) organization, contributions to which are tax-deductible as permitted by law.
Please contact us if you are having trouble with the site.
http://www.naar.org/about/financial.htm   (238 words)

  
 1.1.15: Definitions: Financial Statements - Encyclopedia - Library - VC Experts
1.1.15: Definitions: Financial Statements - Encyclopedia - Library - VC Experts
An attorney-client relationship does not exist in connection with the non-legal services VC Experts provides.
Remember Me Register for free or become a Premium Subscriber
http://vcexperts.com/vce/library/encyclopedia/documents_view.asp?document_id=131   (224 words)

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