Financial statements

Accounting

1.

Commonly called 'the accounts'. Under International Accounting Standards (IAS) a full set of 'financial statements' consists of the primary financial statements and the notes.

Financial statements show the financial position of the reporting entity at the end of the reporting period and its performance for the period under review.

2.

More broadly, any statement expressed in financial terms.

See also

• Accounts
• Audit
• Auditors’ report
• Balance of payments
• Balance sheet
• Cash flow statement
• CertICM
• Disclosure
• Event after the balance sheet date
• Financial analysis
• Financial reporting
• Generally accepted accounting principles
• IAS
• Income statement
• Notes
• Primary statements
• Profit and Loss account
• Statement of cash flows
• Statement of changes in equity
• Statement of comprehensive income
• Statement of financial position
• Summary financial statements