What is the Consolidated Financial Statement? If internal users such as your company's management or owners want information, you can use any format that works for them, or you. 6, Series of 2006, the electronic format of the GFFS (or SFFS) shall be submitted within 30 days from the last day of submission of the Audited Financial Statements (AFS). The statements for two or … Horizontal analysis (also known as trend analysis) is a financial statement analysis technique that shows changes in the amounts of corresponding financial statement items over a period of time.It is a useful tool to evaluate the trend situations. Five types of Financial Statements: 1) Income Statement: The income statement is one of the financial statements of an entity that reports three main financial information of an entity for a specific period of time. In accordance with the SEC Memorandum Circular (MC) No. Explained. This means that the electronic submission of the GFFS (or SFFS) must be on a diskette or a compact … Our Guides to financial statements help you to prepare financial statements in accordance with IFRS Standards. Content and submission of General Form Financial Statements. Consolidated Financial Statements is the financial statements of the overall group which represents the sum total of its parents and all of its subsidiaries and includes all three key financial statements – income statement, cash flow statement and balance sheet.. The essential financial statements are: Those information included revenues, expenses, and profit or loss for the period of time.
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