Financial reporting and Funding: Difference between pages

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1.  
#Medium to longer term borrowing by an undertaking to meet its operational needs.
#The provision in advance for future liabilities in a defined benefit pension scheme by the accumulation of assets.
#More generally, the provision or the sources of finance necessary for the continuing operation of an undertaking. In this context, sources of finance include creditors, bank lenders, bondholders and shareholders.


Financial reporting is traditionally external.
== See also ==
* [[Defined benefit pension scheme]]
* [[FFL]]


It is concerned with collating and providing information to external stakeholders, the financial markets and the public.
Contrasted with management accounting, which provides information for internal stakeholders.
2.
The term 'financial reporting' is also used by some organisations in a broader sense, to include internal reporting (as well as external).
Financial reporting is also known as ''financial accounting''.
:<span style="color:#4B0082">'''''The objective of financial reporting (IFRS)'''''</span>
:The users of financial information need to assess:
:*Prospects for future net cash inflows to the reporting entity; and
:*Management's stewardship of the entity's economic resources.
:Accordingly, financial reporting seeks to provide information about:
:*The entity's economic resources (assets), claims against the entity (liabilities) and changes in those resources and claims; and
:*How efficiently and effectively management has discharged its responsibilities to use the entity's economic resources.
== See also ==
* [[Assets]]
* [[Closing exchange rate]]
* [[Conceptual framework]]
* [[Credit]]
* [[Entity]]
* [[Equity]]
* [[Finance]]
* [[Financial accounting]]
* [[Fiscal]]
* [[FP&A]]
* [[International Financial Reporting Standards]] (IFRS)
* [[Liabilities]]
* [[Management accounting]]
* [[Management efficiency ratio]]
* [[Primary statements]]
* [[Stakeholder]]
* [[Stewardship]]
* [[Useful financial information]]


[[Category:Accounting,_tax_and_regulation]]
==External links==
[http://www.gtnews.com/Features/PDF/AFP_Guide_to_Global_Short_Term_Borrowing.pdf AFP Guide to Global Short Term Borrowing] ''gtnews.com''

Revision as of 20:46, 16 July 2013

  1. Medium to longer term borrowing by an undertaking to meet its operational needs.
  2. The provision in advance for future liabilities in a defined benefit pension scheme by the accumulation of assets.
  3. More generally, the provision or the sources of finance necessary for the continuing operation of an undertaking. In this context, sources of finance include creditors, bank lenders, bondholders and shareholders.

See also


External links

AFP Guide to Global Short Term Borrowing gtnews.com

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