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Statement of Cash Flows Method |
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Statement of Cash Flows MethodA method of cash budgeting that is organized along the lines of the statement of cash budgeting.Statement of Cash Flows Method Similar MatchesNotes to the financial statementsNotes to the financial statementsA detailed set of notes immediately following the financial statements in an annual report that explain and expand on the information in the financial statements. Financial StatementFinancial StatementAn accounting statement showing assets and liabilities of a person or company. Used generally for large loans or other instances when the credit report (history of payment of debts) in itself is not sufficient. Redemption statementRedemption statementThe outstanding amount to be repaid on an existing mortgage. Redundancy insurance Another form of income protection, but one that does not cover any form of sickness, injury or disability. The purpose of this type of policy is to replace income lost through a short to medium term period of redundancy. It provides you with a monthly tax-free income to cover a portion of your lost earnings. It is often sold in conjunction with the accident, sickness and disability element of income protection policies, in which case it is known as Accident, Sickness and Unemployment (ASU). Profit and loss statement (P&L)Profit and loss statement (P&L)A set of accounts, usually prepared annually, which depict a company's trading performance and are normally read in conjunction with the balance sheet and cash flow data. The profit and loss account can broadly be shown as follows:Turnover (sales) less manufacturing costs (or cost of sales if for example a retailing company) = gross profit or lossGross profit plus any non-trading income less operating costs = operating profit Operating profit less interest payments on bank loans or loan stock = profit before tax (pre tax profit)Pre-tax profit, less tax = net profit after taxPart of the net profit after tax may be used to pay a dividend with the balance being retained within the business for future investment. Statement of Financial Accounting Standards No 52Statement of Financial Accounting Standards No 52The currency translation standard currently used by US firms. It mandates the use of the current rate method. See: Statement of Financial Accounting Standards No. 8. Further SuggestionsOfficial statementstatement of account Percentage financial statement Closing Statement Purpose statement Statement of condition Reinstatement Combined financial statement Offering statement Statement of Additional Information (SAI) Statement of Financial Accounting Standards No 8 Opportunity Statement Income statement (statement of operations) Statement billing bank statement Copy statement Completion statement Disposition of Real Estate Statement Reinstatement Reinstatement value Consolidated financial statement Account statement Uniform Settlement Statement Pro forma statement Annual mortgagor statement |
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