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 ?
Basic Financial Statements and Required Supplementary Information The Authority desires the auditor to complete a financial audit and to express an opinion on the fair presentation of its business-type activities, including the related notes to the financial statements which collectively comprise the Authority s basic financial statements in conformity with accounting principles generally accepted in the United States of America (U.
For additional information identifying risk factors and uncertainties, see our reports on Forms 10-K, 10-Q and 8-K filed with the SEC from time to time, including, but not limited to, the information included in UTC's Forms 10-K and 10-Q under the headings "Business," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Legal Proceedings" and in the notes to the financial statements included in UTC's Forms 10-K and 10-Q.
Some of those transactions and events (referred to as recognized events) require adjustments to the financial statements while others (referred to as nonrecognized events) may require disclosure in the notes to the financial statements.
Disclosure in the notes to the financial statements of pension plans and certain employer governments of the current funded status of the plan.
Governments would also disclose additional information about their derivatives in the notes to the financial statements.
All elements of the report comprising the trustees report, investment report, statement of trustees responsibilities, auditors report, fund account, net assets statement, notes to the financial statements, actuarial statement and actuarial certificate, are automated and generated at the push of a button.
When reporting components of other comprehensive income on a financial statement, all items other than minimum pension liability adjustments may be reported at a gross amount or at net amount with the gross amount reported in the notes to the financial statements.
17) For example, the notes to the financial statements in the 1992 Commonwealth of Virginia Comprehensive Annual Report indicate that deferred compensation Sec.
The new version of An Analyst's Guide combines the first edition with What Else You Should Know about Your Government's Finances: A Guide to Notes to the Financial Statements and Supporting Information.
The policy further requires that the dividend declaration be immediately recognized as a liability in accordance with Philippine Accounting Standards and that it be disclosed in the statement of equity changes and in the notes to the financial statements.
Also, the risk of material misstatement is to be assessed at the financial statement, account balance or class of transaction level, as well as at the disclosure level, including the notes to the financial statements, acknowledging that users of the financial statements do consider such notes in their decisions.