What are the different types of financial statements? Financial statements quantify the financial strength, performance, and liquidity of a company. The four main types of financial statements are Statement
What are the regulating entities of Financial Reporting? The regulating entities of Financial Reporting are the International Accounting Standards Board (IASB), the Securities and Exchange Commission (SEC), and Financial Accounting
How do you know the financial report is efficient? Different businesses have different standards for what is considered efficient. However, some tips that may help include making sure that the
When do organizations prepare financial reports? Organizations generally prepare financial reports on a quarterly and annual basis. For publicly traded companies, the Securities and Exchange Commission (SEC) requires quarterly reports
What is included in Financial Reports? The three primary financial statements are the balance sheet, income statement, and cash flow statement. The balance sheet reports an organization’s assets, liabilities, and