Building society and Primary financial statements: Difference between pages

Revision as of 11:06, 26 November 2014

Financial reporting.

Under International Accounting Standards (IAS) the main accounting statements required to be presented.

These are:

Statement of financial position.
Income statement (which can be included in the statement of comprehensive income).
Statement of comprehensive income.
Statement of changes in equity.
Statement of cash flows.

The primary statements are supported by Notes providing additional and more detailed financial information.

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-A deposit taking and lending organisation owned mutually by its customers.
+''Financial reporting.''
-By contrast, most banks are owned by shareholders, who would not normally or necessarily be customers of the bank.
+Under International Accounting Standards (IAS) the main accounting statements required to be presented.
+These are:
+* Statement of financial position.
+* Income statement (which can be included in the statement of comprehensive income).
+* Statement of comprehensive income.
+* Statement of changes in equity.
+* Statement of cash flows.
+The primary statements are supported by Notes providing additional and more detailed financial information.
 ==See also==
-*[[Bank]]
+* [[Income statement]]
-*[[Credit union]]
+* [[International Accounting Standards]]
-*[[Mutual]]
+* [[Notes]]
-*[[Shareholder]]
+* [[Statement of cash flows]]
-*[[SMF participant]]
+* [[Statement of changes in equity]]
+* [[Statement of comprehensive income]]
+* [[Statement of financial position]]
+* [[Statement of profit or loss and other comprehensive income]]
+[[Category:Accounting,_tax_and_regulation]]
+[[Category:Compliance_and_audit]]