Primary financial statements and Secured debt: Difference between pages

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''Financial reporting.''
Debt backed by collateral in the form of real or monetary assets.  The debt provider takes a legal charge or mortgage debenture against the asset pledged as security.
All other things being equal, secured debt is safer for the lender than unsecured debt.


Under International Accounting Standards (IAS) 'primary' financial statements are the main accounting statements that must be presented.
== See also ==
* [[Collateral]]
* [[Debenture]]
* [[Security]]
* [[Unsecured debt]]


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 to the accounts, providing additional and more detailed financial information.
==See also==
* [[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]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]

Revision as of 14:20, 23 October 2012

Debt backed by collateral in the form of real or monetary assets. The debt provider takes a legal charge or mortgage debenture against the asset pledged as security. All other things being equal, secured debt is safer for the lender than unsecured debt.

See also


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