Primary statements and Project finance: Difference between pages

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''Financial reporting''.
''Term finance.''


In financial reporting, primary statements are the main accounting statements required to be presented.  
(PF).


Project finance is a term financing arrangement, usually on a limited recourse basis, under which funds are lent for a specified project against the security of the project cash flows.


These normally include statements of:
The project itself is normally a long-term one, relating to infrastructure, public services or a large industrial undertaking.
 
* Financial position (balance sheet).
* Comprehensive income (profit or loss).
* Changes in equity.
* 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 and profit or loss====
 
Comprehensive income includes both:
 
*Profit or loss for the period; and
 
*Other comprehensive income for the period.
 
 
Many entities report their profit or loss and other comprehensive income in two separate statements.
 
In these cases, there are FIVE primary financial statements: cash flows, changes in equity, comprehensive income, financial position, and profit or loss.
 
 
The statement of profit or loss is also known as the ''income statement''.
 




== See also ==
== See also ==
* [[Entity]]
* [[Asset finance]]
* [[FVTOCI]]
* [[Corporate finance]]
* [[FVTPL]]
* [[Infrastructure]]
* [[IAS 1]]
* [[Integrated water and power plant]]
* [[Income statement]]
* [[Planning and projects]]
* [[International Accounting Standards]]
* [[Recourse]]
* [[Notes]]
* [[Solar CSP]]
* [[Statement of cash flows]]
* [[Solar PV]]
* [[Statement of changes in equity]]
* [[Term debt]]
* [[Statement of comprehensive income]]
* [[Statement of financial position]]
* [[Statement of profit or loss and other comprehensive income]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Financial_products_and_markets]]

Revision as of 13:23, 18 March 2021

Term finance.

(PF).

Project finance is a term financing arrangement, usually on a limited recourse basis, under which funds are lent for a specified project against the security of the project cash flows.

The project itself is normally a long-term one, relating to infrastructure, public services or a large industrial undertaking.


See also

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