financial statement

(redirected from Financial reports)
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Related to Financial reports: Annual reports, Financial statements
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.financial statement - a document showing credits and debitsfinancial statement - a document showing credits and debits
commercial document, commercial instrument - a document of or relating to commerce
bank statement - a periodic statement prepared by a bank for each client; "I wish my bank statement arrived earlier in the month"
invoice, bill, account - an itemized statement of money owed for goods shipped or services rendered; "he paid his bill and left"; "send me an account of what I owe"
account statement, accounting, account - a statement of recent transactions and the resulting balance; "they send me an accounting every month"
earnings report, income statement, operating statement, profit-and-loss statement - a financial statement that gives operating results for a specific period
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
If you have managerial responsibility for the preparation of external financial reports, you'll benefit from being a regular reader of this column.
In turn, customers can realize more time for strategic analysis by automating routine workflows, reduced audit fees from auto-generated evidence binders and increased accuracy of financial reports.
Confidence in financial reports and the work of auditors has been shaken, which has carried consequences for the future of the accounting profession in terms of its status, reputation and attractiveness as a career.
"XBRL is being embedded in information systems and financial reports and will satisfy small and large business reporting needs," says Melancon.
Financial reports produced by companies domiciled in various countries contain financial statements based on very different accounting standards.
Publicly traded insurance organizations are being forced to assume full responsibility for the information included in their financial reports and to review and certify the procedures by which they gather, index and compile this information.
"XBRL benefits the entire business reporting value chain, including the companies that prepare financial reports, as well as the capital markets and investors who rely on and use this information.
Efforts to improve the financial reporting process in the last few years have resulted in advancements in three key areas: corporate governance, the process of preparing financial reports, and the audit of financial reports.
People will use it when they discover how much time and money it can save them, by automating and speeding up the process." Indeed, he says the SEC wants it because it will make financial reports much more useful.
Unless otherwise specified, pronouncements of the GASB apply to financial reports of all state and local governmental entities, including general purpose governments, public benefit corporations and authorities, public employee retirement systems, utilities, hospitals and other healthcare providers, and colleges and universities.

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