Fiat money and Filleted financial statements: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
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Money without intrinsic value.  
Filleted financial statements are accounts which contain less information than full accounts.


Also known as ''fiat currency''.
Most financial reporting systems allow smaller and medium-sized organisations to report limited financial information in this way for some purposes, in order to reduce the administrative burdens on them. For example, UK company law allows smaller entities to report less information for the public record at Companies House, compared with larger organisations.


== See also ==
However, fuller-form and more detailed accounts are normally still required for other purposes. For example, for most tax purposes and for reporting to shareholders.
* [[Fiat currency]]
 
 
Also known as filleted accounts.
 
 
==See also==
* [[Abridged accounts]]
* [[Companies House]]
 
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 14:53, 28 February 2018

Filleted financial statements are accounts which contain less information than full accounts.

Most financial reporting systems allow smaller and medium-sized organisations to report limited financial information in this way for some purposes, in order to reduce the administrative burdens on them. For example, UK company law allows smaller entities to report less information for the public record at Companies House, compared with larger organisations.

However, fuller-form and more detailed accounts are normally still required for other purposes. For example, for most tax purposes and for reporting to shareholders.


Also known as filleted accounts.


See also