Notes to the financial statements are the explanatory notes given as part of the financial statements. The reporting framework applicable to a specific company defines the nature and extent of information to be disclosed in notes to the financial statements.
What Are the Notes to the Financial Statements?
Financial statements are the information are a set of following 5 components: Balance Sheet also called Statement of Financial Position; Profit & Loss Account also called Statement of Profit and
The frequency of preparing and reporting financial statements to users depends on following factors: Territory in which business ins registered Legal status of the Company Any specific sector reporting requirement
Reporting framework is the set of rules under which a company prepares its financial statements. The set of such rules varies from country to country. Generally, it would include requirements