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 as an integral part of the financial…
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 statement of cash flows using direct method. So, let’s get started!. Question Following are…
Statement of cash flows can be prepared and presented by two methods, namely, direct method and indirect method. In both…
For users of financial statements, information about profitability is not the only thing to be looked at. Information about the…
For companies, the term used is shareholders’ equity whereas for sole proprietors and partnership firms, it is known as owners’…
First two statements of the complete set of financial statements are balance sheet and income statement. The statement of comprehensive…
In this post, we’ll see a sample note on segment reporting. The example used here is of the same financial…