Question
In: Accounting
What three things should all annual reports include?
What three things should all annual reports include?
Solutions
Expert Solution
The three things should all annual reports include -
Income statement or profit and loss account - Income statement is the part of the financial statement that indicate the revenues and expenses of the company during a particular period of time. The profit or loss of the company is determined by subratraction expenses from revenues.
Balance sheet - Balance sheet is a statement that shows the assets, liability and equity of the company during a particular period of time. If shows the financial condition of the company. The balance sheet depend on the equation.
Assets = Liabilities + Equity
Cash flow statement - Cash flow statement is one of the financial statement that shows the cash inflow and cash Outflow in the company during a particular period of time.
The cash flow statement has three elements - cash flow from Operating activity, cash flow from Financing activity and cash flow from Investing activity.
All the three are the major financial statement that includes in the annual reports of the company.
ekkarill92 answered 1 year agoRelated Solutions
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Corporations must disclose their financial reports to their stakeholders which should be publish in annual reports...
Corporations must disclose their financial reports to
their stakeholders which should be publish in annual reports of the
corporation. Download online annual report of (Almarai Annual
Report 2019) and study the Cash flow statement prepared by them to
answer the following questions:
1. Explain in detail how the cash flow statement was prepared by
the corporation.
2. Which method was used to prepare the statement? Explain the
other method that can be used to prepare cash flow statement, with
numerical...
Corporations must disclose their financial reports to their stakeholders which should be publish in annual reports...
Corporations must disclose their financial reports to
their stakeholders which should be publish in annual reports of the
corporation. Download an annual report of any corporation in KSA
and study the Cash flow statement prepared by them to answer the
following questions:
1. Explain in detail how the cash flow statement was prepared by
the corporation.
2. Which method was used to prepare the statement? Explain the
other method that can be used to prepare cash flow statement, with
numerical...
Corporations must disclose their financial reports to their stakeholders which should be publish in annual reports...
Corporations must disclose their financial reports to
their stakeholders which should be publish in annual reports of the
corporation. Download an annual report of any corporation in KSA
and study the Cash flow statement prepared by them to answer the
following questions:
1. Explain in detail how the cash flow statement was prepared by
the corporation.
2. Which method was used to prepare the statement? Explain the
other method that can be used to prepare cash flow statement, with
numerical...
Corporations must disclose their financial reports to their stakeholders which should be publish in annual reports...
Corporations must disclose their financial reports to their
stakeholders which should be publish in annual reports of the
corporation. Download an annual report of any corporation and study
the Cash flow statement prepared by them to answer the following
questions:
1. Explain in detail how the cash flow statement was prepared by
the corporation.
2. Which method was used to prepare the statement? Explain the
other method that can be used to prepare cash flow statement, with
numerical examples.
3....
Corporations must disclose their financial reports to their stakeholders which should be publish in annual reports...
Corporations must disclose their financial reports to
their stakeholders which should be publish in annual reports of the
corporation. Download an annual report of any corporation in KSA
and study the Cash flow statement prepared by them to answer the
following questions:
1. Explain in detail how the cash flow statement was prepared by
the corporation.
2. Which method was used to prepare the statement? Explain the
other method that can be used to prepare cash flow statement, with
numerical...
Corporations must disclose their financial reports to their stakeholders which should be publish in annual reports...
Corporations must disclose their financial reports to their
stakeholders which should be publish in annual reports of the
corporation. Download an annual report of any corporation in KSA
and study the Cash flow statement prepared by them to answer the
following questions:
Explain in detail how the cash flow statement was prepared by
the corporation.
Which method was used to prepare the statement? Explain the
other method that can be used to prepare cash flow statement, with
numerical examples.
Calculate...
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