Notes to the financial statements

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Notes to the financial statements

A detailed set of notes immediately following the financial statements in an annual report that explain and expand on the information in the financial statements.

Notes to the Financial Statements

All passages following a financial statement giving additional information and/or explaining unusual entries.
References in periodicals archive ?
The amendment removes unnecessary disclosure from a note to the financial statements, and has no effect on PICO's shareholders' equity, balance sheet, results of operations, or cash flows for 2004 and the first quarter of 2005.
prior period information is labeled with an appropriate title on the face of the statement and described in a note to the financial statements.
If the amount was significant, it would be shown in a note to the financial statements, but does not have to be related to the Statement of Cash Flows.
A statement of the basis of presentation and reference to the note to the financial statements that describes the basis.
However, those companies that do not recognize expense would have to disclose in a note to the financial statements the effect on net income had the company recognized expense for them based on FASB-specified guidelines.
If they continue to apply current accounting requirements, companies will have to disclose in a note to the financial statements what the net income and earnings per share would have been had they followed the new accounting method.
123, Accounting for Stock-Based Compensation, requires disclosure of new employee stock options in the form of a note to the financial statements based on the fair value at the date of grant.
119 requires the presentation of all fair value disclosures in a single note to the financial statements or in a summary table with references to other pertinent discussions in the notes; it prohibits the combination, aggregation or netting of derivative financial instruments with other financial instruments except to the extent permitted under FASB Interpretation no.
If the loss can be reasonably estimated, but it is only reasonably possible (not probable) a future event or events will confirm it, the contingency must be reported as a note to the financial statements with no accrual of loss and liability.