financial statement

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Related to Financial reports: Annual reports, Financial statements

Financial statement

A report of basic accounting data that helps investors understand a firm's financial history and activities.

Financial Statement

Any list of the assets and liabilities of a company designed to show its financial health, profits or losses, and/or other variables. The two most common financial statements are the balance sheet and the income statement. Publicly-traded companies and some others are legally required to publish certain financial statements.

financial statement

A report providing financial statistics relative to a given part of an organization's operations or status. The two most common financial statements are the balance sheet and the income statement. See also comparative financial statements.

financial statement

A semi-itemized list of the assets and liabilities of a person or entity as of a point in time,and the revenues and expenses over a representative month or over a period of time such as one year. Do not confuse with financing statement.

References in periodicals archive ?
The relationships between the financial reporting team members are critical to the quality of the financial reports.
Senior management requires entirely new levels of visibility into reporting processes to gain the confidence to certify the content of their financial reports. Corporations need to establish a complex, bottom-up approach for evaluating their internal controls, soliciting individual input and assessment from across the enterprise.
And what can be done about the usefulness of financial reports? Some of the participants' suggestions were to improve the communications among participants in the financial reporting supply chain (users, preparers, auditors, standards setters, and regulators); produce financial and business information that is relevant, reliable, and understandable; include more business-driven information in financial reports; and promote the use of technology to enable users to compile their own information.
These PEAs are followed by detailed financial reports that often generate little stock-market reaction.
companies listed on Nasdaq and 16 percent listed on the New York Stock Exchange have no research coverage, according to a Thomson Financial report. That means there's no analyst following these companies to speak on how well they are doing and put the word out on the capital market.
XBRL is a free eXtensible Markup Language specification that uses accepted financial reporting standards and practices to translate financial reports across all software and technologies.
XBRL enables users to access financial reports in a matter of seconds and move the data to the users' analytical software with literally "a click of a mouse." This gives the users more time to focus on making decisions, which could decrease credit costs and increase analysts' coverage of smaller public companies because of the lower costs of analysis.
[With] the new disclosure requirements, there is clearly a different standard of materiality that regulators, shareholders and the investing public have imposed on them with regard to what is disclosed in their financial reports.
state and local governments that prepare their financial reports according to generally accepted accounting principles.

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