An affidavit is a written statement of fact while a statement is a plaintiff’s written explanation of action. Both are subject to due consideration in court and require an oath. Affidavits must be notarized and follow a preferred format. False statements can result in perjury charges. In administrative law, they are useful for those unable […]
An affidavit of collection allows heirs to legally take ownership of a deceased’s assets without going to probate court if the estate value is small enough. It’s not possible for real estate. The affidavit is a simpler and shorter process than probate, and many courts provide their own forms. Only certain individuals have legal standing […]
Monthly statements are personalized financial records that inform the recipient of their account status, with different types for different accounts. They show current balances, charges, deposits, and payments, and are used for loans, bills, and small business billing. Electronic statements and payments are becoming more popular. A monthly statement is a general term for a […]
An effective educational mission statement should be concise, informative, and inspiring. It should emphasize the school’s focus, values, and philosophy, as well as its courses, students, and faculty. The language should be plain and factual, and it should highlight the school’s unique qualities and accomplishments. To write an effective educational mission statement, keep it brief […]
Income statements show earnings and expenses for a given period, with the bottom line indicating net profit or pay. Investors use company income statements to monitor business health, while personal earnings statements accompany paychecks and show deductions. It’s important to review income statements for errors or discrepancies. An income statement is a document that shows […]
Financial statements summarize a company’s income and expenses, and include an income statement, balance sheet, and cash flow statement. These reports are reviewed by an independent accounting firm and used to assess a company’s financial health. A cash flow statement provides context for the other reports and reflects a company’s actual cash position. Financial analysts […]
A profit and loss statement shows a company’s net earnings and expenses over a period of time, and is used by investors alongside cash flow statements and balance sheets to assess a company’s value. However, it is important to evaluate all documents against each other to get a clear view of a company’s financial situation. […]
A safety mission statement focuses on an organization’s health and safety goals and strategies. It varies depending on the organization and includes government safety regulations and industry standards. It can be revised periodically to address changes in safety regulations and concerns. A safety mission statement is a specialized type of organizational mission statement that focuses […]
A monetary policy statement is a document that outlines the state of the economy and organization from various perspectives, including market changes, trends, and the effects of significant events. It is updated quarterly and includes information on financial conditions, economic prospects, and the bank’s strategy. It may also describe recent developments in financial markets and […]
A consolidated income statement combines the revenue earned by a parent company and its subsidiaries, providing a complete financial picture. Transactions between subsidiaries are not considered, and all revenue and costs are added together to obtain the consolidated net income. This statement is important for management, shareholders, and investors. A consolidated income statement is a […]
A statement of condition is a summary of the financial state of a business or entity divided into assets and liabilities. It determines net worth and can be required for loans or mergers. It is also helpful for periodic reviews of a company’s financial situation. A condition statement is a document that summarises the […]
A proxy statement is a document prepared by a corporation that includes information about issues facing the corporation that must be voted on by shareholders, as well as vital information about the company’s officers and current board structure. It allows shareholders to participate in any voting process required under the corporation’s founding documents. The statement […]
A comparative income statement is used to track a business’s progress over time, with columns for each income period and multiple rows for different sources of income. Gross income is listed first, followed by operating expenses, and net income is calculated. Analysts use this information to identify potential problems and bottlenecks in operations. When a […]
A contribution income statement (CIS) is an internal financial document that organizes data based on behavior rather than function. It is useful for cost analysis and evaluating department performance, and can be prepared quickly using accounting software. It is typically used alongside a more conventional income statement for external purposes. A contribution income statement (CIS) […]
A cost of goods sold statement tracks inventory costs by starting with beginning inventory, adding purchases and expenses, subtracting ending inventory, and accounting for direct materials, labor, factory overhead, work in progress, and finished inventory. Non-manufacturing companies add inventory purchases and expenses related to selling inventory, while manufacturing companies also include direct materials, labor, and […]
A rhetorical statement uses devices like allegory, metaphor, hyperbole, and anaphora to create a persuasive argument. It can also appeal to ethos, pathos, and logos. A rhetorical question is a statement posed as a question that is not meant to be answered. A rhetorical statement is typically a statement that uses devices or methods often […]
A statement of affairs is a financial document used in bankruptcy cases to provide an accurate accounting of a debtor’s assets and liabilities, including all types of debt and assets. The court uses this document to assess the case and determine which assets are to be sold and how the proceeds are to be divided […]
A thesis statement is a clear and strong statement in an essay that the writer intends to support, argue, or prove. It should be in the first paragraph and indicate the direction of the essay. A good thesis helps the writer stay focused and is equally valuable in speeches. A thesis statement is a statement […]
A design mission statement outlines a design firm’s principles and beliefs. It should be concise, written in simple language, and include information about the company’s background, services, dedication to customers, and commitment to staying current and ethical. It should also mention the future of the company. A design mission statement is an important foundation for […]
Write a positive salon mission statement that sets your business apart without comparing it to others. Include relevant goals and strategies, and use active language. Avoid personal accomplishments and false perceptions. You should write the salon mission statement with a positive attitude and this should be conveyed to the readers. Motivate people to care about […]
