Object Finance Analysis Forex

GENERAL PURPOSE FINANCIAL STATEMENTS

These states are those that are prepared at the close of a term to be known by users indeterminate, with the main spirit serves the common good of the public to assess the ability of an economic entity to generate positive cash flows. Should be characterized by their status, neutrality clearly and easily. They are general purpose statements, the Basic Financial Statements and Consolidated Financial Statements.

Basic Financial Statements

Balance Sheet: This statement should relate the liabilities and assets, in order to be recognized that it can determine fairly the financial position of the economic entity at a given date.

Statement: The sum of revenues, costs, expenses and restatement related properly we must cast the net income.

State of Change in Equity

Statement of Changes in Financial Position

Cash Flow Statement

Consolidated Financial Statements

All those who present the financial position, results of operations, changes in equity and financial position and cash flows of a parent and its subordinate body, or a dominant and the dominated entity, as if they were those of a single company.

SPECIAL PURPOSE FINANCIAL STATEMENTS

Special Purpose states are those that are prepared to meet specific needs of certain users of accounting information. It is characterized by a movement or limited use and provide greater detail on certain items or transactions.

Special Purpose states are:

The Initial Balance: At the beginning of its activities, all economic entity must prepare a balance sheet as to show clearly and complete the initial situation of their heritage.

The Interim Period Financial Statements: These are basic financial statements are prepared during the course of a period to meet the needs of administrators, who exercised supervision or control inspection.

Cost States: Those who are prepared to learn in detail the expenses and fees incurred to produce goods or provide services on which an economic entity has derived its revenues.

The Inventory Status: Is one to be developed in detail by checking stock to each of the items that exist in the Balance Sheet.

Extraordinary States: Those that is prepared during the course of a period as a basis for certain activities. The date of the same cannot be earlier than one month to the activities or circumstances for which he was prepared.

Settlement states: Those who must submit an economic entity that has ceased operations, to report the degree of progress in the completion of its assets and cancellation of its liabilities.

The financial statements presented to the authorities subject to the rules of classification and detail they wish.

Financial Statements prepared on a comprehensive basis of accounting other than accounting principles generally accepted.

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