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Financial statement

Index Financial statement

Financial statements (or financial report) is a formal record of the financial activities and position of a business, person, or other entity. [1]

75 relations: Account (bookkeeping), Accounting, Accounting liquidity, Accounting standard, Annual report, Asset, Audit, Auditor's report, Australia, Balance sheet, Basis of accounting, Blue chip (stock market), Brochure, Cash flow, Cash flow statement, Center for Audit Quality, Chart of accounts, Chief executive officer, Chief financial officer, Coffee table book, Collective bargaining, Comprehensive annual financial report, Consolidated financial statement, Contingent liability, Controlling interest, Corporate finance, Debenture, Debt, Economic entity, Enron, Equity (finance), European Union, Expense, Finance, Financial Accounting Standards Board, Financial analysis, Financial statement, Financial statement analysis, Fixed asset, Funding, Fundraising, Going concern, Government financial statements, Income, Income statement, Inflation, International Accounting Standards Board, International Financial Reporting Standards, Investment, Investopedia, ..., Investor, Liability (financial accounting), Limited liability, Loan, Mergers and acquisitions, Model audit, Other comprehensive basis of accounting, Parent company, Profit (accounting), Security (finance), Share repurchase, South Africa, Statement of changes in equity, Subsidiary, Trade union, U.S. Securities and Exchange Commission, UN/CEFACT, United Kingdom, United States, Unsecured debt, Voluntary disclosure, Welfare, Working capital, XBRL, XML. Expand index (25 more) »

Account (bookkeeping)

An account (in book-keeping) refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries.

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Accounting

Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.

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Accounting liquidity

In accounting, liquidity (or accounting liquidity) is a measure of the ability of a debtor to pay their debts as and when they fall due.

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Accounting standard

Financial statements prepared and presented by a company typically follow an external standard that specifically guides their preparation.

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Annual report

An annual report is a comprehensive report on a company's activities throughout the preceding year.

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Asset

In financial accounting, an asset is an economic resource.

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Audit

An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern.

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Auditor's report

The auditor's report is a disclaimer thereof, issued by either an internal auditor or an independent external auditor as a result of an internal or external audit, as an assurance service in order for the user to make decisions based on the results of the audit.

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Australia

Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands.

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Balance sheet

In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as Government or not-for-profit entity.

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Basis of accounting

A basis of accounting can be defined as the time various financial transactions are recorded.

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Blue chip (stock market)

A blue chip is stock in a corporation with a national reputation for quality, reliability, and the ability to operate profitably in good times and bad.

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Brochure

A brochure is an informative paper document (often also used for advertising) that can be folded into a template, pamphlet or leaflet.

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Cash flow

A cash flow describes a real or virtual movement of money.

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Cash flow statement

In financial accounting, a cash flow statement, also known as statement of cash flows, is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities.

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Center for Audit Quality

The Center for Audit Quality (CAQ) is an autonomous, nonpartisan, nonprofit public policy advocacy organization based in Washington, DC.

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Chart of accounts

A chart of accounts (COA) is a created list of the accounts used by an organization to define each class of items for which money or the equivalent is spent or received.

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Chief executive officer

Chief executive officer (CEO) is the position of the most senior corporate officer, executive, administrator, or other leader in charge of managing an organization especially an independent legal entity such as a company or nonprofit institution.

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Chief financial officer

The chief financial officer (CFO) is the officer of a company that has primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting.

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Coffee table book

A coffee table book is an oversized, usually hard-covered book whose purpose is for display on a table intended for use in an area in which one entertains guests and from which it can serve to inspire conversation.

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Collective bargaining

Collective bargaining is a process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights for workers.

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Comprehensive annual financial report

A Comprehensive Annual Financial Report (CAFR) is a set of U.S. government financial statements comprising the financial report of a state, municipal or other governmental entity that complies with the accounting requirements promulgated by the Governmental Accounting Standards Board (GASB).

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Consolidated financial statement

Consolidated financial statements - are the "Financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity", according to International Accounting Standard 27 "Consolidated and separate financial statements", and International Financial Reporting Standard 10 "Consolidated financial statements".

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Contingent liability

Contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event such as the outcome of a pending lawsuit.

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Controlling interest

A controlling interest is an ownership interest in a corporation with enough voting stock shares to prevail in any stockholders' motion.

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Corporate finance

Corporate finance is the area of finance dealing with the sources of funding and the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to allocate financial resources.

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Debenture

In corporate finance, a debenture is a medium to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest.

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Debt

Debt is when something, usually money, is owed by one party, the borrower or debtor, to a second party, the lender or creditor.

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Economic entity

In accounting, an economic entity is one of the assumptions made in generally accepted accounting principles.

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Enron

Enron Corporation was an American energy, commodities, and services company based in Houston, Texas.

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Equity (finance)

In accounting, equity (or owner's equity) is the difference between the value of the assets and the value of the liabilities of something owned.

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European Union

The European Union (EU) is a political and economic union of EUnum member states that are located primarily in Europe.

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Expense

In common usage, an expense or expenditure is an outflow of money to another person or group to pay for an item or service, or for a category of costs.

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Finance

Finance is a field that is concerned with the allocation (investment) of assets and liabilities (known as elements of the balance statement) over space and time, often under conditions of risk or uncertainty.

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Financial Accounting Standards Board

The Financial Accounting Standards Board (FASB) is a private, non-profit organization standard setting body whose primary purpose is to establish and improve generally accepted accounting principles (GAAP) within the United States in the public's interest.

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Financial analysis

Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability and profitability of a business, sub-business or project.

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Financial statement

Financial statements (or financial report) is a formal record of the financial activities and position of a business, person, or other entity.

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Financial statement analysis

Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions.

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Fixed asset

Fixed assets, also known as tangible assets or property, plant and equipment (PP&E), is a term used in accounting for assets and property that cannot easily be converted into cash.

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Funding

Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company.

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Fundraising

Fundraising or fund raising (also known as "development") is the process of gathering voluntary contributions of money or other resources, by requesting donations from individuals, businesses, charitable foundations, or governmental agencies (see also crowd funding).

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Going concern

Continuation of an entity as a going concern is presumed as the basis for financial reporting unless and until the entity’s liquidation becomes imminent.

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Government financial statements

Government financial statements are annual financial statements or reports for the year.

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Income

Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.

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Income statement

An income statement or profit and loss accountProfessional English in Use - Finance, Cambridge University Press, p. 10 (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, operating statement, or statement of operations) is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period.

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Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

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International Accounting Standards Board

The International Accounting Standards Board (IASB) is the independent, accounting standard-setting body of the IFRS Foundation.

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International Financial Reporting Standards

International Financial Reporting Standards, usually called IFRS, are standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB) to provide a common global language for business affairs so that company accounts are understandable and comparable across international boundaries.

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Investment

In general, to invest is to allocate money (or sometimes another resource, such as time) in the expectation of some benefit in the future – for example, investment in durable goods, in real estate by the service industry, in factories for manufacturing, in product development, and in research and development.

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Investopedia

Investopedia is a privately owned website based in New York City that focuses on investing education and financial news.

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Investor

An investor is a person that allocates capital with the expectation of a future financial return.

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Liability (financial accounting)

In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.

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Limited liability

Limited liability is where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership.

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Loan

In finance, a loan is the lending of money by one or more individuals, organizations, and/or other entities to other individuals, organizations etc.

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Mergers and acquisitions

Mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities.

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Model audit

A model audit is the colloquial term for the tasks performed when conducting due diligence on a financial model, in order to eliminate spreadsheet error.

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Other comprehensive basis of accounting

Other comprehensive basis of accounting (OCBOA) in United States accounting refers to a system of accounting other than GAAP.

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Parent company

A parent company is a company that owns enough voting stock in another firm to control management and operation by doing and influencing or electing its board of directors.

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Profit (accounting)

Profit, in accounting, is an income distributed to the owner in a profitable market production process (business).

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Security (finance)

A security is a tradable financial asset.

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Share repurchase

Share repurchase (or stock buyback) is the re-acquisition by a company of its own stock.

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South Africa

South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa.

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Statement of changes in equity

A Statement of changes in equity and similarly the statement of changes in owner's equity for a sole trader, statement of changes in partners' equity for a partnership, statement of changes in Shareholders' equity for a Company or statement of changes in Taxpayers' equity for Government financial statements is one of the four basic financial statements.

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Subsidiary

A subsidiary, subsidiary company or daughter company"daughter company.

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Trade union

A trade union or trades union, also called a labour union (Canada) or labor union (US), is an organization of workers who have come together to achieve many common goals; such as protecting the integrity of its trade, improving safety standards, and attaining better wages, benefits (such as vacation, health care, and retirement), and working conditions through the increased bargaining power wielded by the creation of a monopoly of the workers.

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U.S. Securities and Exchange Commission

The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government.

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UN/CEFACT

UN/CEFACT is the United Nations Centre for Trade Facilitation and Electronic Business.

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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Unsecured debt

In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment.

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Voluntary disclosure

Voluntary disclosure is the provision of information by a company's management beyond requirements such as generally accepted accounting principles and Securities and Exchange Commission rules,FASB, 2001.

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Welfare

Welfare is a government support for the citizens and residents of society.

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Working capital

Working capital (abbreviated WC) is a financial metric which represents operating liquidity available to a business, organisation or other entity, including governmental entities.

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XBRL

XBRL (eXtensible Business Reporting Language) is a freely available and global standard for exchanging business information.

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XML

In computing, Extensible Markup Language (XML) is a markup language that defines a set of rules for encoding documents in a format that is both human-readable and machine-readable.

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Financial Reporting, Financial Statements, Financial record, Financial records, Financial report, Financial reporting, Financial reports, Financial statements, MD & A, MD&A, Management Discussion and Analysis, Management discussion & analysis, Management discussion and analysis, Notes to financial statements, Notes to the Financial Statements, Notes to the financial statements, Personal financial statement.

References

[1] https://en.wikipedia.org/wiki/Financial_statement

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