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Financial Statements and Supplementary Information

幫考網(wǎng)校2020-08-06 11:30:50
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Financial statements are documents that present the financial position, performance, and cash flows of a company. They provide a summary of a company's financial activities over a specific period, usually a year or a quarter. The financial statements include the balance sheet, income statement, and cash flow statement.

The balance sheet provides a snapshot of a company's financial position at a specific point in time. It shows the company's assets, liabilities, and equity. The income statement shows the company's revenue and expenses over a specific period, usually a year or a quarter. It shows the company's net income or loss for the period. The cash flow statement shows the company's cash inflows and outflows over a specific period, usually a year or a quarter. It shows the company's cash balance at the beginning and end of the period.

Supplementary information is additional information that is included in the financial statements to provide more details about the company's financial activities. This information may include notes to the financial statements, management discussion and analysis, and other disclosures. The notes to the financial statements provide information about the company's accounting policies, significant accounting estimates, and other relevant information. Management discussion and analysis provide an overview of the company's financial performance and future prospects.

Overall, financial statements and supplementary information provide investors, creditors, and other stakeholders with important information about a company's financial activities. This information helps them make informed decisions about investing or lending to the company.
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