Do Your Financial Statements Present all Balances and Disclosures?

Do Your Financial Statements Present all Balances and Disclosures?

Presentation of Balances and Disclosure

When adding notes to your Financial Statements, don?t forget about:

  • Occurrence

Does your company really have the rights for the assets or obligations?

  • Completeness

Did you include all of the balances and disclosures?

  • Accuracy

Do the numbers match receipts, titles, vouchers, any other proper documentation?

  • Classification and Understandability

Can an average person understand your disclosures?

  • Rights and Obligations
Financial Statements

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