--%>
Assignment Help - homework help

Explain Financial Reporting

Financial Reporting: It is a set of documents made generally by government agencies at the end of accounting period. It usually enclose summary of accounting data for that time period, with background forms, notes, and other information.

A) The external financial statements (that is, income statement, balance sheet, statement of cash flows, and the statement of stockholders’ equity)

B) The notes to financial statements.

C) Conference calls and Press releases concerning quarterly earnings and associated information

D) Quarterly and annual reports to the stock-holders

E) Financial details posted on the corporation’s website.

F) Financial reports to governmental agencies involving quarterly and annual reports to Securities and Exchange Commission (abbreviated as SEC)

G) Prospectuses relating to the issuance of general stock and other securities.

   Related Questions in Finance Basics

  • Q : Influence of a quota Normal 0 false

    Normal 0 false false

  • Q : How would the market price of a bond be

    All other things held constant, how would the market price of a bond be influenced if coupon interest payments were made semiannually rather than annually?Most of bonds issued in the United States pay interest semiannually (twice per year). Alo

    		•
  • Q : Question on balance sheet of Yukon Bank

    Normal 0 false false

  • Q : Define CALSTARS CALSTARS : The acronym

    CALSTARS: The acronym for the California State Accounting and Reporting System that is the state's primary accounting system. Most of the departments presently use CALSTARS.

    		•
  • Q : Question based on multiplier Normal 0

    Normal 0 false false

  • Q : Define operating leverage effect and

    Define operating leverage effect and what causes it? Describe potential benefits and negative consequences of high operating leverage? The operating leverage effect is the phenomenon where a small change in sales triggers a comparatively large

    		•
  • Q : How management incorporated in proforma

    Describe how management aims are incorporated into proforma financial statements.Management decide a target goal, and forecasters generate proforma financial statements under the assumption that the goal will be

    		•
  • Q : Define Cash Basis of Accounting Cash

    Cash Basis of Accounting: The base of accounting in which expenditures and revenues are recorded whenever cash is received or distributed.

    		•
  • Q : Describe Section 28.50 Section 28.50 :

    Section 28.50: It is a Control Section of the Budget Act which authorizes the Department of Finance to increase or reduce the reimbursement line of an appropriation schedule for the reimbursements received from agencies of other state. It too contains

    		•
  • Q : What are the Changes in Authorized

    Changes in Authorized Positions (“Schedule 2”): This is a schedule in the Governor’s Budget which reflects staffing changes made following to the adoption of the present year budget and enacted legislation. This planned document modi

    		•