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| *Ostroff, Fair and Company>>>Financial Services |
Do the terms 'financial Statement' and ,Financial Report' are the same ? |
Do the terms 'financial Statement' and ,Financial Report' are the same ? Quite often the "statements" refer to the official auditors' version that the shareholders see (the balance sheet, income statement, statement of retained earnings, and statement of changes in financial position).. http://www.investordictionary.com/defini... The "reports" are many times the "statements" that potential lenders want to see before giving the company a loan. http://www.investordictionary.com/defini... A financial statement is a summary of your finances. A financial report is more detailed. It probably displays all transactions amounts types and debits and credits. no Well they have the same content only that the report is more detailed and a statement is just a summary of the report. |
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