statement


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Related to statement: Statement of cash flows

Statement

A written report of an individual or company's financial or other relevant data. A prime example is the annual report that a publicly-traded company is required to distribute to shareholders. The report contains information on the company's financial state, such as operational income and net profit. Sometimes it also contains an accountant's opinion on the general health of the company. Occasionally, statements are distributed at irregular intervals to explain a major event in the company. See also: Balance sheet.

statement

A written presentation, as of financial data. See also account statement, financial statement.
References in periodicals archive ?
This creates a deferred tax asset because the company is taking a financial statement deduction that is not currently deductible for income tax purposes.
New York was the first state to begin to regulate insurers on a systematic basis with an 1827 law requiring every bank or insurance company to file an annual sworn statement of its affairs with the state comptroller, setting forth the amount of its capital; the value of its real estate; the shares of stock held; debts owing to the corporation; debts owed by the corporation; claims not acknowledged as debts; and the amount for which the corporation is bound as surety.
26.2632-1 (b)(2)(iii)(D), a properly filed election-out statement does not affect the application of the automatic allocation rules to indirect skips not covered in the election-out statement.
These recommendations apply to the conduct of professional accountants and auditors, and the financial statements with which they are associated, for both SEC registrants and for nonpublic companies and organizations with substantial outside capital or public trust.
Father Prieur says that the WS needs to be taken in context with two other statements of the Canadian Bishops: a second statement in April of 1969 and a third Statement on Conscience in 1973.
In addition to these new standards, the ARSC also has issued updated illustrative engagement letters for compilation of financial statements, compilation of financial statements not intended for third-party use, and review of financial statements.
For inspiration, I'd recommend reading The Mission Statement Book: 301 Corporate Mission Statements from America's Top Companies by Jeffrey Abrahams (Ten Speed Press; $24.95).
Mission statement #3: "--provides leadership for our community's future through innovative experiences and environments for learning."
The authors wanted to find out whether two elements of statement analysis can identify accurate and complete statements.
Surviving a real turnaround, which begins with a seemingly simple mission statement, often is a more difficult journey than the road to bankruptcy.
They may be sued for fraud or gross negligence if the third party could be expected to rely on fraudulent financial statements.
Whereas the specific issues will vary by company and tax jurisdiction, the effect on the financial statement process is the same: In-house tax advisers make an assessment -- an informed, but subjective judgment -- of the nature of the issues and the scope and degree of potential or actual controversies with applicable tax authorities about the proper interpretation of the law.