simplified financial statements
- Simplified versions of the annual accounts and report intended for readers who do not possess sophisticated financial knowledge. The financial information may be made easier to understand by using simple financial terminology, showing the information in the forms of graphs and diagrams, providing fuller explanations, and reducing the amount of information. One form of simplified financial statement is the employee report, which is intended for employees and not covered by legislation; another form is the summary financial statement intended for shareholders and subject to legislation.
Accounting dictionary. 2014.
Look at other dictionaries:
simplified financial statements — Simplified versions of the annual accounts and report intended for readers who do not possess sophisticated financial knowledge. The financial information may be made easier to understand by using simple terminology, showing the information in… … Big dictionary of business and management
financial statements — The annual statements summarizing a company s activities over the last year. They consist of the profit and loss account, balance sheet, statement of total recognized gains and losses, and, if required, the cash flow statement, together with… … Accounting dictionary
general purpose financial statements — The annual accounts and report prepared by companies; they are intended to serve the needs of many users and are therefore regarded as general purpose documents. Specific purpose statements are sometimes prepared to meet the needs of a particular … Accounting dictionary
Financial modeling — is the task of building an abstract representation (a model) of a financial decision making situation. This is a mathematical model designed to represent (a simplified version of) the performance of a financial asset or a portfolio, of a… … Wikipedia
summary financial statement — An abbreviated form of the annual accounts and report that, providing certain conditions are met, may be sent by listed companies to their shareholders instead of the full report. Summary financial statements were introduced by section 251 of the … Accounting dictionary
summary financial statement — An abbreviated form of the annual accounts and report that, providing certain conditions are met, may be sent by listed company to their shareholders instead of the full report. Summary financial statements were introduced by section 251 of the… … Big dictionary of business and management
information overload — The increasing amount of financial information that companies are required to provide, some of which is beyond the user s ability to assimilate, analyse, and interpret. See: general purpose financial statements, simplified financial statements,… … Accounting dictionary
Computers and Information Systems — ▪ 2009 Introduction Smartphone: The New Computer. The market for the smartphone in reality a handheld computer for Web browsing, e mail, music, and video that was integrated with a cellular telephone continued to grow in 2008. According to… … Universalium
accounting — /euh kown ting/, n. 1. the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.… … Universalium
List of Statutory Instruments of the United Kingdom, 1995 — This is a complete list of all 1,872 Statutory Instruments published in the United Kingdom in the year 1995. NOTOC 1 100* National Health Service (Optical Charges and Payments) (Scotland) Amendment Regulations 1995 S.I. 1995/1 * Plymouth… … Wikipedia