Purpose

Financial reporting provides present and potential users with important information to make investment, credit and other decisions about an enterprise. It occurs on a periodic basis—half-yearly for public companies and annually for private enterprises—and requires management to prepare a balance sheet, profit and loss account, statement of cash-flow, and accompanying notes.

Financial statements are usually prepared on an accrual basis, in compliance with Generally Accepted Accounting Principles (GAAP). The notes to the statements divulge information to investors that is not obvious from reviewing the financial statements, or is qualitative in nature.

Benefits

This action list provides instant and helpful guidelines.

Related Solutions

Audience

For senior managers and middle managers.

Learning method

Management checklist, answers to FAQs, common traps, and suggested action plans.

Time to Complete

30 mins

Length

5 Pages

Participants

1

Price

£2 Pounds Sterling
(inc. VAT)