5

Vertical Financial Statements of Corporate Entities

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The corporate financial statements are now required to be presented in vertical form. Hence it is necessary to develop knowledge of how they are constructed.

CHAPTER OBJECTIVES

This chapter seeks to enable you to develop knowledge and understanding of:

  1. What the vertical form of corporate financial statements is.
  2. Key distinctive features thereof.
  3. The process through which financial statements are constructed in the new form, and
  4. The key merits and demerits of the new form.

So that you are better equipped to read and understand corporate annual reports.

INTRODUCTION

In the last chapter ...

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