Financial statements may be accompanied by notes that provide additional information on debt, going concern, accounts, and liabilities. These notes help interested parties understand specific transactions or financial information and assess a company’s ability to manage its leverage and remain in business. Publicly traded companies have specific requirements for including notes in financial statements to […]
Interim financial statements cover a period of less than one year and include balance sheets, cash flow statements, and profit and loss statements. They are often issued quarterly or monthly to keep investors informed and assess the company’s performance. The frequency of issuance varies by location and industry. Interim statements are not as authoritative as […]
