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Government financial statements are annual financial statements or reports for the year. The financial statements, in contrast to budget, present the
Government financial statements
Government_financial_statements
Formal record of financial activities
In finance and accounting, financial statements (or financial reports) are formal records of the financial activities and position of a business, person
Financial_statement
Concept in accounting
"Consolidated and separate financial statements" (IAS 27.4), and International Financial Reporting Standard 10, "Consolidated financial statements" (IFRS 10.2). According
Consolidated financial statement
Consolidated_financial_statement
Set of U.S. government financial statements
Comprehensive Financial Report (ACFR), formerly called a Comprehensive Annual Financial Report (CAFR) is a set of U.S. government financial statements comprising
Annual comprehensive financial report
Annual_comprehensive_financial_report
Method of analysing financial statements for decision-making
Financial statement analysis (or just financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic
Financial_statement_analysis
Accounting financial summary
"snapshot of a company's financial condition". Of the four basic financial statements, the balance sheet is the only statement that applies to a single
Balance_sheet
Type of audit
whether financial statements are fairly stated in accordance with accounting standards, the auditor gathers evidence to determine whether the statements contain
Financial_audit
Field of accounting
involves the preparation of financial statements available for public use. Stockholders, suppliers, banks, employees, government agencies, business owners
Financial_accounting
Concept in auditing and accounting
objective of an audit of financial statements is to enable the auditor to express an opinion on whether the financial statements are prepared, in all material
Materiality_(auditing)
Type of financial statement
An income statement or profit and loss (P&L) account is one of the financial statements of a company and shows the company's revenues and expenses during
Income_statement
Basic type of financial statement
A statement of changes in equity is one of the four basic financial statements. It is also known as the statement of changes in owner's equity for a sole
Statement of changes in equity
Statement_of_changes_in_equity
Evaluation of one's financial state
Some period-specific financial statement examples include pro forma statements (historical period) and prospective statements (current and future period)
Financial_plan
Technical standard
standardised way of describing a company's financial performance and position so that company financial statements are understandable and comparable across
International Financial Reporting Standards
International_Financial_Reporting_Standards
One-year term for government and business financial reporting
In the United Kingdom, the financial year runs from 1 April to 31 March for the purposes of government financial statements. For personal tax purposes
Fiscal_year
Financial statement
financial statements were very common before accrual basis financial statements. The "flow of funds" statements of the past were cash flow statements
Cash_flow_statement
International Financial Reporting Interpretations Committee (IFRIC) and the Standing Interpretations Committee (SIC); The IFRS Practice Statements. The list
List of International Financial Reporting Standards
List_of_International_Financial_Reporting_Standards
Accounting system used for special reporting requirements
represented on financial statements. Nonprofit and governments use the same four standard financial statements as profit-making organizations: Statement of financial
Fund_accounting
Type of written document
as local authorities, government departments, ministries and related government bodies. Auditor reports on financial statements are neither evaluations
Auditor's_report
Set of accounting standards
around the world in the preparation of financial statements. These standards are based on International Financial Reporting Standards (IFRS) issued by the
International Public Sector Accounting Standards
International_Public_Sector_Accounting_Standards
Recording financial transactions or events
prepare the financial statement. Finally financial statements are drawn from the trial balance, which may include: the income statement, also known as
Bookkeeping
depreciation. The use of this statement is to provide relevant and focused on a period, so that users of financial statements with sufficient information
Statement of changes in financial position
Statement_of_changes_in_financial_position
Guidelines for financial audits
SASs. This statement recodifies and supersedes all outstanding SASs through No. 121 except SAS No. 51, Reporting on Financial Statements Prepared for
Statements on Auditing Standards (United States)
Statements_on_Auditing_Standards_(United_States)
Law enforcement agency
overseeing all government expenditure against budget, tracking revenue collection and other receipts and preparation of consolidated financial statements of the
Financial Comptroller General Office (Nepal)
Financial_Comptroller_General_Office_(Nepal)
Professional credential
principles of management accounting and financial management including: Preparation of financial statements Financial planning & analysis Monthly, quarterly
Certified Management Accountant
Certified_Management_Accountant
Accounting supervisor or auditor
accounting, and oversees the preparation of financial reports, such as balance sheets and income statements. In most Commonwealth countries, the comptroller
Comptroller
Accounting principles and rules
GAAP if following it would lead to a material misstatement on the financial statements, or otherwise be misleading. In the departure, the member must disclose
Generally Accepted Accounting Principles (United States)
Generally_Accepted_Accounting_Principles_(United_States)
Independent examination of an organization
legally required review of the accuracy of a company's or government's financial statements and records. The purpose of a statutory audit is to determine
Audit
Recording and managing all government transactions
Government accounting refers to the process of recording and the management of all financial transactions incurred by the government which includes its
Governmental_accounting
Bookkeeping (accounting) record
manage cash flow efficiently. An organization's statement of financial position and the income statement are both derived from income and expense account
General_ledger
Standards which judge audits
opinion regarding the financial statements under audit. The auditor must state in the auditor's report whether the financial statements are presented in accordance
Generally Accepted Auditing Standards
Generally_Accepted_Auditing_Standards
Rules and decrees announced by the US private sector's main accounting board
is an incomplete list of Financial Accounting Standards Board (FASB) pronouncements, which consist of Statements of Financial Accounting Standards ("SFAS"
List_of_FASB_pronouncements
Certified Government Financial Manager (CGFM) is a professional certification issued by the Association of Government Accountants (AGA) in the United
Certified Government Financial Manager
Certified_Government_Financial_Manager
Total amount of income generated by the sale of goods or services
GainsLossesOnNetMonetaryPosition and similar items. Revenue is a crucial part of financial statement analysis. The company's performance is measured to the extent to
Revenue
Reduction of an asset by a business
includes five critical work streams: governance, tax, carve-out financial statements, deal-basis information, and operational separation. Companies often
Divestment
Recording economic information
accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the
Accounting
Analysis of a business's financial statements, health, and market
analysis, in accounting and finance, is the analysis of a business's financial statements (usually to analyze the business's assets, liabilities, and earnings);
Fundamental_analysis
Value of earnings per outstanding share of common stock for a company
United States, the Financial Accounting Standards Board (FASB) requires EPS information for the four major categories of the income statement: continuing operations
Earnings_per_share
Type of financial market providing short-term funds
hand, gets its value from a government order.[non sequitur] Money markets, which provide liquidity for the global financial system including for capital
Money_market
Monetary contract between parties
A financial instrument is a monetary contract between parties. They can be created, traded, modified and settled. They can be cash (currency), evidence
Financial_instrument
Accounting term for the spreading of payments over multiple periods
year or quarter of the expense. Amortization is recorded in the financial statements of an entity as a reduction in the carrying value of the intangible
Amortization_(accounting)
Rulemaking body for financial transactions in US state and local governments
and users of those financial reports. The GASB has issued Statements, Interpretations, Technical Bulletins, Concept Statements and Implementation Guides
Governmental Accounting Standards Board
Governmental_Accounting_Standards_Board
Location with high concentration of commerce activity
A financial centre (financial center in American English) or financial hub is a location with a significant concentration of commerce in financial services
Financial_centre
Monetary principles in business
assumptions, and if it is followed by the company while preparing the financial statements, then no further disclosure is required. Accounting standards prescribe
Accounting_standard
Whole of Government Accounts (WGA) is the annual publication by the United Kingdom Government of the consolidated financial statements of over 5,500 organisations
Whole_of_Government_Accounts
Term for a functioning business
as the basis for financial reporting unless and until the entity's liquidation becomes imminent. Preparation of financial statements under this presumption
Going_concern
Standardised contract to buy or sell an asset at a future date
yet known to each other. The item transacted is usually a commodity or financial instrument. The predetermined price of the contract is known as the forward
Futures_contract
Process of estimating what something is worth, used in the finance industry
required to have their financial statements audited. Moreover, managers of private firms often prepare their financial statements to minimize profits and
Valuation_(finance)
Subset of technologies used in finance
Financial technology (abbreviated as fintech) refers to the application of new technologies to products and services in the financial industry. This broad
Financial_technology
Legal rules relating to financial instruments and financial assets
Financial law is the law and regulation of the commercial banking, capital markets, insurance, derivatives and investment management sectors. Understanding
Financial_law
Study of the role of government within the economy
the financial accounting of businesses. For example, it recommends that governments produce a full set of financial statements including the statement of
Public_finance
Assessment of the viability, stability, and profitability of a business
§ Corporate finance Financial statement FP&A Going concern (Fundamental basis of financial statements) List of financial market information services Managerial
Financial_analysis
Statement on a company's activities in the previous year
statement. Statement of changes in equity Cash flow statement Notes to the financial statements Accounting policies Independent assurance statements Other
Annual_report
Financial institution and company term
list of known or suspected terrorists that financial institutions are provided by the U.S government. Financial institutions must collect four pieces of
Know_your_customer
devolved governments: the Scottish Government, the Welsh Government and the Northern Ireland Executive. For the financial year 2023–24, total government spending
Government spending in the United Kingdom
Government_spending_in_the_United_Kingdom
Academic discipline studying businesses and investments
outlined, the financial system consists of the flows of capital that take place between individuals and households (personal finance), governments (public finance)
Finance
Canadian financial institution
deposits are instead fully guaranteed by the Government of Alberta itself. ATB Financial was one of fifteen financial institutions that participated in Canada's
ATB_Financial
Worldwide economic crisis
which began with the start of the Greek government-debt crisis in late 2009, and the 2008–2011 Icelandic financial crisis, which involved the bank failure
2008_financial_crisis
Economic resource, from which future economic benefits are expected
1 Presentation of Financial Statements" (PDF). IFRS Foundation. Retrieved April 19, 2026. "Beginners' Guide to Financial Statement". U.S. Securities and
Asset
Procedures to optimize practices in cost efficient ways
limitations of financial accounting. Moreover, maintenance of cost records has been made compulsory in selected industries as notified by the government from time
Cost_accounting
Federal advisory committee
in 1999. The Chief Financial Officers Act of 1990 required annual, audited financial statements for the United States Government and its federal reporting
Federal Accounting Standards Advisory Board
Federal_Accounting_Standards_Advisory_Board
Nepalese accounting standards
Financial statements are a structured representation of the financial positions and financial performance of an entity. The objective of financial statements
Nepal Financial Reporting Standards
Nepal_Financial_Reporting_Standards
Overview of finance and finance-related topics
Financial modeling § Accounting Pro forma § Financial statements Revenue Revenue model Revenue § Financial statement analysis Revenue management § Forecasting
Outline_of_finance
Person who audits an entity's financial statements and is independent of that entity
in accordance with specific laws or rules, of the financial statements of a company, government entity, other legal entity, or organization, and is
External_auditor
Management of personal data across media
of the Data Use Statement. Where privacy statements provide a more general overview of data collection and use, data use statements represent a much
Privacy_policy
Professionally managed investment fund
fee: for overseeing all administrative affairs such as preparing financial statements and shareholder reports, SEC filings, monitoring compliance, computing
Mutual_fund
Listing of GASB Statements and any applicable amending/superseding Statements
The Governmental Accounting Standards Board Statements (GASB Statements or GASBS) are issued by GASB to set generally accepted accounting principles (GAAP)
List_of_GASB_Statements
AICPA Statements of Position (SOPs) are statements of position issued by the American Institute of Certified Public Accountants (AICPA) Standards Division
AICPA_Statements_of_Position
Private US organization for accounting
to report using one set of financial reporting standards for all countries. They believe it would make financial statements more comparable to one another
Financial Accounting Standards Board
Financial_Accounting_Standards_Board
of statements, for example the statement of financial position and statement of profit and loss, that together comprise the financial statements. IAS
IAS_1
U.S. annual report for a company
structure, executive compensation, equity, subsidiaries, and audited financial statements, among other information. Companies with more than $10 million in
Form_10-K
Investment position used to offset potential losses in another asset
a companion investment. A hedge can be constructed from many types of financial instruments, including stocks, exchange-traded funds, insurance, forward
Hedge_(finance)
American corporate services company
Processing. Broadridge supplies companies in the financial industry with financial documents such as proxy statements and annual reports, as well as shareholder
Broadridge Financial Solutions
Broadridge_Financial_Solutions
Rigorous, organization-wide audit of US organizations
contains the financial statements required by the Governmental Accounting Standards Board (GASB), which includes the Government-wide statements as well as
Single_Audit
Financial summary covering a three-month period
a specific period. Within the public sector, quarterly financial reports detail a government's income and spending over a quarter of its designated fiscal
Quarterly_financial_report
List of all business accounts in a ledger
A trial balance is an internal financial statement that lists the adjusted closing balances of all the general ledger accounts (both revenue and capital)
Trial_balance
Prescribed regulation in the United States
Regulation S-X extends the meaning of the term 'financial statements' to include all notes to the statements and all related schedules. Regulation S-X is
Regulation_S-X
Regulator responsible for promoting high quality corporate governance
The Financial Reporting Council (FRC) is an independent regulator in the UK and Ireland based in London Wall in the City of London, responsible for regulating
Financial_Reporting_Council
Financial regulatory authority in India
Financial Services Centre for International Financial Services and commodity markets under the ownership of the Government of India. It was established in 2020
International Financial Services Centres Authority
International_Financial_Services_Centres_Authority
Economics concept
premium (ERP) provided by a diversified portfolio of equities over that of government bonds, which has been observed for more than 100 years. There is a significant
Equity_premium_puzzle
Hunt". BBC News. 26 October 2022. Retrieved 28 October 2022. "Government's financial statement delayed till 17 November". Politics.co.uk. 26 October 2022
November 2022 United Kingdom autumn statement
November_2022_United_Kingdom_autumn_statement
Investment paradigm
annual financial statements, after initial screening of static measures like book-to-market value. The F-score formula inputs financial statements and awards
Value_investing
Kingdom summer statement (also known as the coronavirus mini-budget) was a statement from the British Government, or mini-budget statement, delivered on
July 2020 United Kingdom summer statement
July_2020_United_Kingdom_summer_statement
Claims for payment held by a business
developed by industry standards, corporate policy, or because of the financial condition of the client. Since not all customer debts will be collected
Accounts_receivable
Concept in accounting on voting shares ownership
consolidate the associate's financial statements. Ownership of over 50% creates a subsidiary, with its financial statements being consolidated into the
Associate_company
Banking system where institutions hold only a fraction of deposits as reserves
results. Other important financial ratios may require analysis of disclosures in other parts of the bank's financial statements. In particular, for liquidity
Fractional-reserve_banking
Mix of funds used to start and sustain a business
component is in relation to the other sources of capital, the greater financial leverage (or gearing, in the United Kingdom) the firm is said to have
Capital_structure
Value that a financial entity owes
In financial accounting, a liability is a quantity of value that a financial entity owes. More technically, it is value that an entity is expected to
Liability (financial accounting)
Liability_(financial_accounting)
Type of financial contract
there is no required reporting of transactions to a government agency. During the 2008 financial crisis, the lack of transparency in this large market
Derivative_(finance)
Non-controlling interest, belonging to other investors
"Summary of Statement No. 160: Noncontrolling Interests in Consolidated Financial Statements". www.fasb.org. Retrieved 2026-04-09. Local Government Lawyer
Minority_interest
Accounting model
the users of its financial statements. Thus, a financial concept of capital should be adopted if the users of financial statements are primarily concerned
Constant purchasing power accounting
Constant_purchasing_power_accounting
Economic theory that asset prices fully reflect all available information
The efficient-market hypothesis (EMH) is a hypothesis in financial economics that states that asset prices reflect all available information. A direct
Efficient-market_hypothesis
Accounting term
compile their financial statements. GAAP states that the purpose of account reconciliation is to provide accuracy and consistency in financial accounts. To
Reconciliation_(accounting)
A statement of cash flows for the periods, is an integral "Component of financial statements" as per IAS 1 — Presentation of Financial Statements. IAS
IAS_7
US federal government agency
to: Financial statements of the US government Each year the GAO issues an audit report on the financial statements of the United States Government. The
United States Government Accountability Office
United_States_Government_Accountability_Office
or statement of financial position, recognises and discloses the assets, liabilities, and net worth at a given point in time, for a government entity
Public_sector_balance_sheet
Practitioner of accounting or accountancy
responsibilities by statute, such as the ability to certify an organization's financial statements, and may be held liable for professional misconduct. Non-qualified
Accountant
Rules or restrictions for financial institutions
organizations, government or non-government, to monitor activities and enforce actions. There are various setups and combinations in place for the financial regulatory
Financial_regulation
Physical currency and other immediately accessible liquid assets
tangible form of currency, such as banknotes and coins. In book-keeping and financial accounting, cash is current assets comprising currency or currency equivalents
Cash
Concept in accounting and economics
contrast to physical assets (machinery, buildings, etc.) and financial assets (government securities, etc.). Intangible assets are usually very difficult
Intangible_asset
Balance sheet of the British government
expenditures of the public sector, in compliance with government policy. The budget statement is one of two statements made by the Chancellor of the Exchequer in
Budget_of_the_United_Kingdom
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GOVERNMENT FINANCIAL-STATEMENTS
GOVERNMENT FINANCIAL-STATEMENTS
GOVERNMENT FINANCIAL-STATEMENTS
GOVERNMENT FINANCIAL-STATEMENTS
GOVERNMENT FINANCIAL-STATEMENTS
GOVERNMENT FINANCIAL-STATEMENTS
GOVERNMENT FINANCIAL-STATEMENTS
GOVERNMENT FINANCIAL-STATEMENTS
GOVERNMENT FINANCIAL-STATEMENTS
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