financial statement
Company's monetary summary
A financial statement is a formal record summarizing the financial activities and position of a business, organization, or individual.
The main types include the balance sheet, income statement, and cash flow statement, each revealing different aspects of financial health.
Companies prepare financial statements quarterly and annually, and publicly traded firms must file them with regulators.
The auditor found discrepancies in the company's financial statements.
Investors and lenders rely on financial statements to assess creditworthiness and make decisions.
Owned items of value
- liabilitiesAmounts owed to others
- equityImpartial treatment or ownership value
- ledgerFinancial record book
- bookkeepingRecording financial transactions systematically
receivables · payables · reserves · goodwill · valuation · solvency · liquidity · creditworthiness
Act of revealing information
- regulatoryInvolving official oversight
- complianceAdhering to requirements
- GAAPFinancial reporting conventions
- SECStock market regulator
filings · 10-K · annual report · quarterly report · transparency · consolidated · footnotes · earnings call
Business income total
- salesRevenue from goods moved
- expensesMoney spent on things
- net incomeProfit after all deductions
- gross profitEarnings before operating expenses
operating income · earnings · margins · cost of goods sold · operating expenses · taxation · deductions · earnings per share
Proving something accurate
- complianceAdhering to requirements
- assuranceFirm promise or certainty
- due diligencePre-transaction reasonable care
- internal controlsOrganizational oversight procedures
external auditor · materiality · risk assessment · opinion · review · attestation · CPA · accuracy
Equity owner in corporation
- ownershipLegal right of possession
- stockGoods kept for sale
- retained earningsProfits kept by company
- common stockBasic corporate ownership units
preferred stock · dividends · equity stake · ownership interest · voting rights · majority stake · treasury stock · dilution
Convertibility to cash
- working capitalAssets minus current liabilities
- capital expenditureSpending on fixed assets
- free cash flowAvailable corporate liquidity
- net cashFunds minus obligations
cash conversion · cash position · cash burn · runway · cash management · disbursements · collections · cash reserves
Money owed another
- creditorsThose owed payment
- accounts payableOutstanding debts to suppliers
- loansBorrowed money arrangements
- mortgageSecured home loan
long-term debt · provisions · obligations · leverage · debt ratio · covenant
Capacity to generate gain
- return on investmentProfit relative to cost
- trend analysisExamining directional data shifts
- benchmarkingMeasuring against top performers
- comparabilityLikeness permitting evaluation
assets
Owned items of value
- liabilitiesAmounts owed to others
- equityImpartial treatment or ownership value
- ledgerFinancial record book
bookkeeping · receivables · payables · reserves · goodwill · valuation · solvency · liquidity · creditworthiness · tangible assets
disclosure
Act of revealing information
- regulatoryInvolving official oversight
- complianceAdhering to requirements
- GAAPFinancial reporting conventions
SEC · filings · 10-K · annual report · quarterly report · transparency · consolidated · footnotes · earnings call · restatement
revenue
Business income total
- salesRevenue from goods moved
- expensesMoney spent on things
- net incomeProfit after all deductions
gross profit · operating income · earnings · margins · cost of goods sold · operating expenses · taxation · deductions · earnings per share · top line
verification
Proving something accurate
- complianceAdhering to requirements
- assuranceFirm promise or certainty
- due diligencePre-transaction reasonable care
internal controls · external auditor · materiality · risk assessment · opinion · review · attestation · CPA · accuracy · disclosures
shareholder
Equity owner in corporation
- ownershipLegal right of possession
- stockGoods kept for sale
- retained earningsProfits kept by company
common stock · preferred stock · dividends · equity stake · ownership interest · voting rights · majority stake · treasury stock · dilution
liquidity
Convertibility to cash
- working capitalAssets minus current liabilities
- capital expenditureSpending on fixed assets
- free cash flowAvailable corporate liquidity
net cash · cash conversion · cash position · cash burn · runway · cash management · disbursements · collections · cash reserves
debt
Money owed another
- creditorsThose owed payment
- accounts payableOutstanding debts to suppliers
- loansBorrowed money arrangements
mortgage · long-term debt · provisions · obligations · leverage · debt ratio · covenant
profitability
Capacity to generate gain
- return on investmentProfit relative to cost
- trend analysisExamining directional data shifts
- benchmarkingMeasuring against top performers
- business financeaccounting, balance sheet, revenue stream, profit margin, budget
- Finance Toolsbudget app, budgeting app, calculator, expense tracker, spreadsheet
- paperworkinvoice, permit, documents, license, filing
- reportsdaily report, weekly report, monthly report, progress report, final report
- accountingbookkeeping, ledger, balance sheet, general ledger, accounts payable
- business reportsannual report, quarterly report, sales report, expense report, progress report
financial statementbudget proposal
Formal spending plan submission
financial forecast · budget · business plan · strategic plan · earnings forecast
finance, statement, finances, financial, financing, financed, financier, financially, financiers