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The value of these documents lies in the story they tell when reviewed together. %PDF-1.7 endobj 84 0 obj << /Linearized 1 /O 86 /H [ 993 585 ] /L 382799 /E 114981 /N 17 /T 381001 >> endobj xref 84 27 0000000016 00000 n 1.2 When carve -out financial statements may be required When deciding whether carve-out financial statements are needed, a company should consider the facts ���� JFIF �� C The guide provides examples and 3 0 obj audited financial statements, advises readers whether the statements provide an accurate financial picture. The quarterly financial statements are usually divided into the following parts : 1. • Community councils are responsible to have their administrative staff prepare interim or monthly financial statements, as well as, annual year-end financial statements. The Financial Statements Three fi nancial statements are critical to fi nancial statement analysis: the balance sheet, the income statement, and the statement of cash fl ows. The fourth financial statement, called a “statement of shareholders’ equity,” shows changes in the interests of the company’s shareholders over time. 0000003888 00000 n 3. These documents are usually handled by accountants, government agencies, and firms. Understanding Financial Statements. Let’s look at each of the first three financial statements in more detail. %���� To examine how asset value is measured, let us begin with the way assets are categorized in the balance sheet. financial reports do not contain all the information needed to perform effective financial analysis. The financial statement in which accountants summarize and report asset value is the balance sheet. First, there are the fixed assets , which include the long-term assets of the firm, such as plant, equipment, land and buildings. From within the action menu, select the "Copy to iBooks" option. endobj endobj @e�l*A����\�pl�����S�P���1��#���*iGe� ��I�% , ΂2�*(e�pD���c��Łj"���L�D�d6�430(���& 0e`u� ��@� cg�S�:�-Y,��Z$թ�!��z����)���\b.B�dXf��,="��Ls�f��'�=�Ơ��C��8Kjt�{�>Q�4i�' D{�9s����s|�"$�_���N3l���ܩ�ҽ�C�Pu��5I�|����L�籙 ��$��^�G�Ҡ��1�B���ˑHG�(̛�9���à��r�eýw� ���a5��:y���ٵŽi �y���r��s�ԥv����1/JԂ]�7��(o������U9�Z=c�uR���A&�P㥃���˜☫���^��/6�R�]\M[w��s5Z�v��x��S՘3}Gw� �3�뤙��_o�%ja��� �~+�ca�jtJ8�~=l��wb�GM�.S5؍��cA!��g�1˨m�1\6�`-|��Q�9E/W���!�w-�]��δT����V�Sˉ�g��Oz��q}����}��{7��dPW�.�,v��^⢼��;(>(��}յ(G�e[�Ӛ@�����Mߖ��v�l�x�)����q�s^�P�s�&��2jig�٢�I��oAD��^ �AY����–u����D.����K>H��+%��q� iy�jh~�/��FE���c�?9��׌�l3��\���:�/T��s9�m\W�B]s�*uZ���\Hna�q��S�BJ z0�c/�Ǟ���L}��,ɭ! Guide to Financial Statements – Study Guide Overview (Topic 1) Three major financial statements: • The Income Statement • The Balance Sheet • The Cash Flow Statement Objectives: • Explain the underlying equation of each statement. Purpose of Financial Statement Analysis. The guide to Local Government Financial Statements has been prepared by the Ministry of Community, Sport and Cultural Development (Ministry) to help the non‐financial reader understand the information presented in local government audited financial statements. Sections 5 through 8 explain the use of ratios and other analytical data in equity Financial management includes bookkeeping, projections, financial statements, and financing, which forms the foundation for reaching your goals through sound business decisions. trailer << /Size 111 /Info 82 0 R /Root 85 0 R /Prev 380991 /ID[<1774c4a05c09bb41c24f85b5bbc57d2f><85d64d64338d18c092f8b14dc3dcb6f2>] >> startxref 0 %%EOF 85 0 obj << /Type /Catalog /Pages 70 0 R /Metadata 83 0 R /JT 81 0 R /PageLabels 68 0 R >> endobj 109 0 obj << /S 507 /L 610 /Filter /FlateDecode /Length 110 0 R >> stream statements – Illustrative disclosures (the September 2020 guide). 0000001732 00000 n ,^D��@)Ͱ��h�D�=e3����Am��+ʼ��]�yk�L�6�������? The basics aren’t difficult and they aren’t rocket science.This brochure is designed to help you gain a basic understanding of how to read financial statements. This manual is a natural endobj <> 8 0 obj Preface If the first edition of this book was an entrepreneurial business, it would be a huge success. 0000007224 00000 n For example, adjacent to the financial statements is Management’s Discussion and Analysis (MD&A), a section required by the Securities and Exchange Commission that is intended to provide x��VMO�@�[��c�İ3���R�G�PU���j����]��& Ƴ��{3�vfi����Ύf�d�����+�&�%Q2��I�Ϸ���C?��ͼ��� endstream endobj 110 0 obj 469 endobj 86 0 obj << /Type /Page /Parent 69 0 R /Resources 87 0 R /Contents 97 0 R /MediaBox [ 0 0 612 792 ] /CropBox [ 0 0 612 792 ] /Rotate 0 >> endobj 87 0 obj << /ProcSet [ /PDF /Text ] /Font << /TT2 92 0 R /TT4 90 0 R /TT5 89 0 R /TT7 96 0 R /TT9 99 0 R >> /ExtGState << /GS1 102 0 R >> /ColorSpace << /Cs6 95 0 R >> >> endobj 88 0 obj << /Type /FontDescriptor /Ascent 905 /CapHeight 0 /Descent -211 /Flags 32 /FontBBox [ -665 -325 2000 1006 ] /FontName /EFNPEM+Arial /ItalicAngle 0 /StemV 0 /FontFile2 105 0 R >> endobj 89 0 obj << /Type /Font /Subtype /Type0 /BaseFont /EFNPEK+SymbolMT /Encoding /Identity-H /DescendantFonts [ 108 0 R ] /ToUnicode 94 0 R >> endobj 90 0 obj << /Type /Font /Subtype /TrueType /FirstChar 32 /LastChar 150 /Widths [ 250 0 0 0 0 1000 0 278 333 333 0 570 250 333 250 278 500 500 500 500 500 500 0 0 0 0 333 0 0 570 0 500 0 722 667 722 722 667 611 778 0 389 0 0 667 944 722 778 611 0 722 556 667 722 722 1000 722 0 0 0 0 0 0 0 0 500 556 444 556 444 333 500 556 278 333 0 278 833 556 500 556 556 444 389 333 556 500 722 500 500 444 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 333 0 0 0 500 ] /Encoding /WinAnsiEncoding /BaseFont /EFNPDK+TimesNewRoman,Bold /FontDescriptor 93 0 R >> endobj 91 0 obj << /Type /FontDescriptor /Ascent 891 /CapHeight 656 /Descent -216 /Flags 34 /FontBBox [ -568 -307 2000 1007 ] /FontName /EFNPCI+TimesNewRoman /ItalicAngle 0 /StemV 94 /XHeight 0 /FontFile2 103 0 R >> endobj 92 0 obj << /Type /Font /Subtype /TrueType /FirstChar 32 /LastChar 150 /Widths [ 250 0 0 0 500 0 0 180 333 333 0 0 250 333 250 278 500 500 500 500 500 500 500 500 500 500 278 278 564 564 564 444 0 722 667 667 722 611 556 722 722 333 0 0 611 889 722 722 556 0 667 556 611 722 0 944 0 722 611 0 0 0 0 0 0 444 500 444 500 444 333 500 500 278 278 500 278 778 500 500 500 500 333 389 278 500 500 722 500 500 444 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 333 444 444 0 500 ] /Encoding /WinAnsiEncoding /BaseFont /EFNPCI+TimesNewRoman /FontDescriptor 91 0 R >> endobj 93 0 obj << /Type /FontDescriptor /Ascent 891 /CapHeight 656 /Descent -216 /Flags 34 /FontBBox [ -558 -307 2000 1026 ] /FontName /EFNPDK+TimesNewRoman,Bold /ItalicAngle 0 /StemV 160 /XHeight 0 /FontFile2 101 0 R >> endobj 94 0 obj << /Filter /FlateDecode /Length 217 >> stream Huge success advises readers whether the statements provide an accurate financial picture # 7! 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