restatement

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Restatement

The release of a previously issued financial statement amended with new information. For example, if a company issues a profit-loss statement and then discovers new information that affects the statement, it may amend the profit-loss statement to reflect the new information. When it releases this to the public, the company is said to make a restatement.

restatement

The altered presentation of a portion or all of an earlier financial statement. For example, a firm may issue a restatement of its previously published balance sheet and income statement because it has discovered some heretofore unknown information that should have been included on it.
References in periodicals archive ?
In 1993, the 25th anniversary of Humanae vitae's re-statement of the teaching, he said, "Everyone in the church is called upon to begin again" (PM, March 22).
Postwar Academic Fiction provides a useful introductory overview, a careful and sympathetic re-statement of the ethical and professional dilemmas negotiated by the fictional intelligentsia; but the questions it raises over the complex affiliations between academic institutions and literary genres are worthy of a more searching investigation.
There was no mention of it either in the most recent re-statement of their method (Bland and Altman, 2003) or in a recent critique focused on bias (Ludbrook, 2002).
This is the most complete re-statement of realism for very many years.
But it's not hard to spot the subtext when Boyd says of the new five-year relationship with the Kennedy Center: 'It's a re-statement of faith in our future by one of the world's leading arts centres: that's good for us everywhere.
The time has come for a re-statement of the content of Judaism.
The re-statement of the challenge did little, however, to advance the solutions - which lie more in the degree of readiness that Member States will show to agree a finance deal later in the year.
It is a tautological re-statement of the wish that the problem be solved.
First, translation exchange rate risk is a result of the re-statement of the financial statements of foreign subsidiaries into parent currency terms for the purposes of consolidation.
A re-statement of the tenement type, which has been the matrix of European cities since Roman times, brings new urbanity to the shores of the Sound.
The book is a re-statement of the case for nuclear disarmament to be driven and inspired by one major nuclear state - Britain - leading the way and dragging the others behind it by example.
By Brian White Baan Company NV, the Dutch ERP company has forecast higher than expected fourth quarter losses, a huge fall in revenues and re-statement of third quarter figures to show even bigger losses.