Doctor Accounting : Chapter 24 in Collaboration with SAA Global Education
Coming back to the Annual Report.
Do you know what is Financial Statement? What does it consist of?
Watch Dr Accounting chapter 24 to learn more about the world of Accounting with us!
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Welcome to Dr Accounting twenty-four series.
This series will be the last segment under the annual report.
So, today I am going to share with you on Financial Statement.
So what comprises in the financial statement.
You will have a financial position. You will have income statement.
A statement of changes in the equity. A cash flow statement.
The notes to the accounts, which will expand on related parties transaction, also the financial risk management.
Accounting policies as well as the director’s report. Quite a mouthful right. So all these aspects is very crucial to be in the financial statement. The annual report is one of the resolutions during the annual general meeting. I will share with you more about this in my future series. As you are aware, accountants are also a strategic business leader. And you need to have certain skills in order to be a leader in the business career. I’m going to share with you on this in my next few series, so stay tuned, thank you.