Legal Dictionary

Search results for: “financial statement”

  • Convention Statement

    An annual statement filed by a life insurance company in each state where it does business in compliance with that state’s regulations. The statement and supporting documents show, among other things, the assets, liabilities, and surplus of the reporting company….

  • Ratio Analysis

    What is the meaning of Ratio Analysis? A definition of Ratio Analysis is provided here: A way to analyze financial statements in greater depth by comparing results with the previous year ™s, the budget, and competing firms ™ results.

  • Ratio Analysis

    What is the meaning of Ratio Analysis? A definition of Ratio Analysis is provided here: A way to analyze financial statements in greater depth by comparing results with the previous year ™s, the budget, and competing firms ™ results.

  • Independent Audit

    What is the meaning of Independent Audit? A definition of Independent Audit is provided here: Examination of a company ™s books by public accountants, to give the public, governments, and shareholders an outside opinion of the fairness of financial statements.

  • Projection

    Projection Definition (in the Accounting Vocabulary) The New York State Society of Certified Public Accountants offers the following definition of Projection in a way that is easy for anybody to understand: Prospective FINANCIAL STATEMENTS that include one or more hypothetical assumptions. […]

  • Quarterly Reports

    Quarterly Reports Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Quarterly Reports in a way that is easy for anybody to understand: Another term for INTERIM FINANCIAL STATEMENTS.

  • Forecast

    Forecast Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Forecast in a way that is easy for anybody to understand: Prospective FINANCIAL STATEMENTS that are an entity’s expected financial position, […]

  • Generally Accepted Accounting Principles (Gaap)

    A common set of accounting concepts, standards, and procedures by which financial statements are prepared….

  • Reporting Currency

    The currency in which the parent firm prepares its own financial statements; that is, U.S. dollars for a U.S. company….

  • Reporting Currency

    The currency in which the parent firm prepares its own financial statements; that is, U.S. dollars for a U.S. company….

  • Market Value Ratios

    Ratios that relate the market price of the firm’s common stock to selected financial statement items….

  • Mangement’S Discussion

    A report from management to the shareholders that accompanies the firm’s financial statements in the annual report. This report explains the period’s financial results and enables management to discuss other ideas that may not be apparent in the financial statements in the annual report….

  • Ledger Cash

    A firm’s cash balance as reported in its financial statements. Also called book cash….

  • Foreign Currency Translation

    The process of restating foreign currency accounts of subsidiaries into the reporting currency of the parent company in order to prepare consolidated financial statements….

  • Flow-Through Method

    The practice of reporting to shareholders using straight-line depreciation and accelerated depreciation for tax purposes and flowing through the lower income taxes actually paid to the financial statement prepared for shareholders….