In this section, we’ll explain various aspects of preparing the financial statements. By the end of this section, you will…
Notes to the financial statement, also known as financial statements footnotes, are considered an integral part of the financial statements.…
Financial reporting framework is the set rules and guidance on the basis of which an entity prepares its financial statements.…
In this post, we’ll prepare a statement of cash flows using direct method. So, let’s get started!. Question Use the…
In this post, we’ll prepare a cash flow statement using direct method. So, let’s get started!. Question – Direct method…
Cash flow statement can be prepared and presented by two methods, namely, direct method and indirect method. In both methods,…
Statement of cash flows summarizes the cash inflows and outflows of a business during a period. For users of financial…
Statement of changes in equity is a reconciliation of opening and closing balances of shareholders’ equity for a period. For…
Statement of comprehensive income is a financial statement that shows an entity’s total comprehensive income for a period, i.e., net…
In this post, we’ll see a sample note on segment reporting. The example used here is of the same financial…