Accounts: Difference between revisions
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imported>Doug Williamson m (Corrected tax computation) |
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* [[Reporting entity]] | * [[Reporting entity]] | ||
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* [[Tax computation] | * [[Tax computation]] | ||
Revision as of 17:08, 28 March 2013
1. The externally reported financial statements of an organisation. These include summaries, in conventional and prescribed formats, of the organisation's assets, liabilities, income, expenditure and cash flows.
2. The internal financial summaries used by an organisation. Also known as management accounts.
3. The fully detailed internal financial records of an organisation, from which summary financial statements or management accounts may be prepared.
