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LSDefine

Simple English definitions for legal terms

financial report

Read a random definition: debasement

A quick definition of financial report:

A financial report is a document that shows how much money an individual or organization has and how much they owe. It can be a balance sheet, income statement, or annual report that summarizes their financial condition on a specific date or for a specific period. A certified financial statement is one that has been checked by an independent accountant. A consolidated financial statement combines the financial reports of a company and all its subsidiaries as if they were one entity. Another type of financial report is an income-and-expense declaration.

A more thorough explanation:

A financial report is a document that summarizes an individual's or organization's financial condition on a specified date or for a specified period. It includes information about assets and liabilities, and can take the form of a balance sheet, income statement, or annual report.

For example, a company might produce a financial report at the end of each fiscal year to show its investors and stakeholders how much money it made, how much it spent, and what its overall financial health looks like. This report might include a balance sheet that lists the company's assets (such as cash, inventory, and property) and liabilities (such as loans and accounts payable), as well as an income statement that shows how much revenue the company generated and how much it spent on expenses like salaries, rent, and supplies.

Another type of financial report is a certified financial statement, which is examined and reported by an independent public or certified public accountant. This type of report is often required by law for certain types of organizations, such as publicly traded companies.

Overall, financial reports are important tools for understanding an individual's or organization's financial situation and making informed decisions about investments, loans, and other financial matters.

financial planner | financial-responsibility act

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shaquilleoatmeal
11:14
damn couldnt even get to Christmas dinner before this question lmao im not looking for anything serious rn so no updates lol
11:14
i made out with my ex in a stairwell the other day if you care. my only update
shaquilleoatmeal
11:14
oof
shaquilleoatmeal
11:14
twitter ex or a different ex
11:15
different ex
windyMagician
11:15
since its not Twitter dude I'll forgive it
shaquilleoatmeal
11:17
at least you did that before the new year, cant carry that baggage in 25
11:17
I think he thinks if I move to nyc we’re going to get back together
11:17
that’s not my plan tbh
jackfrost11770
11:18
this is so funny
shaquilleoatmeal
11:19
lmao damn wish id be classmates with this dude
shaquilleoatmeal
11:20
@cheriebomb: you never know what the future holds
jackfrost11770
11:20
also cherie fallen soldier
jackfrost11770
11:20
i got home at 8 am from the club and my neighbor was leaving to go biking. truly living in different worlds
11:20
i don’t fw him that heavy tbh
11:21
i get along better with his friends than i do with him
windyMagician
11:21
nah the hiking in Nike blazers deserves jail time
11:21
he was already vomiting and shitting in a hole I think he did his penance
windyMagician
11:26
call that restorative justice
11:35
they put a place in the UK second. I don’t trust their methodology
shaquilleoatmeal
11:35
im laughin cause it definitely isnt but the fact that some people this it is is comical
shaquilleoatmeal
11:35
tink*
shaquilleoatmeal
11:35
think jee
shaquilleoatmeal
11:35
jeez - im over it
11:37
imagine saying you want to go to boston for christmas 💀
shaquilleoatmeal
11:40
imagine you not wanting to go what lmao
13:55
not impressed by the fact that they have a park and some buildings. who doesn't
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