Financial statements revisited
In case you forgot, let me remind you that the previous three chapters reviewed the profit and loss account, the balance sheet and the cash flow statement. When we were discussing the balance sheet we also looked at appropriation of income and changes in shareholders’ equity. Bear with me while we run through the final couple: segment reporting and value added statements.
‘All the news that’s fit to print.’
—Adolph S. Ochs(Former motto of New York Times)
Segment reporting
Major regulatory authorities require disclosure about financial results by region and industry – known in an off-putting way as segments. Segment reporting provides users of the financial statements with an idea of how, in the past at least, the ...
Get The Definitive Guide to Business Finance: What smart managers do with the numbers, Second Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
