National Economic Crime Centre and Primary statements: Difference between pages

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''Economic crime - UK.''
''Financial reporting''.


(NECC).
The main accounting statements required to be presented.  


The NECC was established in 2018 to coordinate and task the UK’s response to economic crime, harnessing intelligence and capabilities from across the public and private sectors to tackle economic crime in the most effective way.


It aims to jointly identify and prioritise the most appropriate type of investigations, whether criminal, civil or regulatory to ensure maximum impact across all agencies to tackle the illicit finance that funds and enables all forms of serious and organised crime.
These normally include:


* Statement of financial position.
* Statement of comprehensive income.
* Statement of changes in equity.
* Statement of cash flows.


The NECC incorporates the UK's Joint Money Laundering Intelligence Taskforce.


The primary statements are supported by Notes providing additional and more detailed financial information.
The names of the primary financial statements are not normally mandatory, and they also differ according the accounting regime under which an entity is reporting.
Comprehensive income includes both:
*Profit or loss for the period; and
*Other comprehensive income for the period.
Many entities report profit or loss and other comprehensive income in two separate statements.


== See also ==
* [[Anti money laundering]]
* [[Countering the financing of terrorism]]  (CFT)
* [[European Economic Area]]
* [[4MLD]]
* [[Financial Action Task Force]]
* [[Integration]]
* [[Joint Money Laundering Intelligence Taskforce]]
* [[Joint Money Laundering Steering Group]]
* [[Know-your-customer]]
* [[Layering]]
* [[MLRO]]
* [[Money laundering]]
* [[National Crime Agency]]  (NCA)
* [[Placement]]
* [[Smurfing]]
* [[Terrorist financing]]
* [[USA PATRIOT Act]]


The statement of financial position is also known as the balance sheet.


== Other resource==
The statement of profit or loss is also known as the income statement.


[[Media:2015_03_Mar_-_Squeaky_clean.pdf| Squeaky Clean, The Treasurer, 2015]]


[[Category:Accounting,_tax_and_regulation]]
== See also ==
[[Category:The_business_context]]
* [[IAS 1]]
* [[Income statement]]
* [[International Accounting Standards]]
* [[Notes]]
* [[Statement of cash flows]]
* [[Statement of changes in equity]]
* [[Statement of comprehensive income]]
* [[Statement of financial position]]
* [[Statement of profit or loss and other comprehensive income]]

Revision as of 11:06, 18 August 2016

Financial reporting.

The main accounting statements required to be presented.


These normally include:

  • Statement of financial position.
  • 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.


The names of the primary financial statements are not normally mandatory, and they also differ according the accounting regime under which an entity is reporting.


Comprehensive income includes both:

  • Profit or loss for the period; and
  • Other comprehensive income for the period.

Many entities report profit or loss and other comprehensive income in two separate statements.


The statement of financial position is also known as the balance sheet.

The statement of profit or loss is also known as the income statement.


See also

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