Financial Services Authority and Financial statements: Difference between pages

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imported>Doug Williamson
(Added references to FCA and PRA)
 
imported>Doug Williamson
(Expand to incorporate broader definition.)
 
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(FSA).
''Accounting''.  


The former UK body which, amongst its duties, was the regulatory authority in the UK for most financial services markets, exchanges and firms.
1.


The FSA's former responsibilities have now been divided and transferred to:
Commonly called 'the accounts'.  Under International Accounting Standards (IAS) a full set of 'financial statements' consists of the primary financial statements and the notes.


1. The Financial Conduct Authority; and
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. The Prudential Regulation Authority.


2.
More broadly, any statement expressed in financial terms.


Some of the FSA's functions were comparable with the CFTC in the United States.


== See also ==
== See also ==
* [[Financial Conduct Authority]]
* [[Accounts]]
* [[Prudential Regulation Authority]]
* [[Audit]]
* [[Trustees]]
* [[Auditors’ report]]
* [[CFTC]]
* [[Balance of payments]]
* [[Balance sheet]]
* [[Cash flow statement]]
* [[Disclosure]]
* [[Event after the balance sheet date]]
* [[Financial analysis]]
* [[Generally accepted accounting principles]]
* [[IAS]]
* [[Income statement]]
* [[Notes]]
* [[Profit and Loss account]]
* [[Statement of cash flows]]
* [[CertICM]]
* [[Statement of changes in equity]]
* [[Statement of comprehensive income]]
* [[Statement of financial position]]
* [[Summary financial statements]]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 21:38, 19 November 2015

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

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