Financial statement notes are a narrative description or detailed analysis of the information and data in the financial statements and balance sheet that helps businesses and investors understand clearly and accurately the actual business and production status of the business.
So how to make financial statement notes ? Please refer to how to make financial statement notes according to Circular 200 in the following article of MISA MeInvoice .1. Purpose of preparing
financial statement explanatory notes
2. Principles of preparing explanatory notes to Financial Statements
3. Basis for preparing financial statement explanatory notes
4. Content and method of preparing indicators in the financial statement explanatory notes according to Circular 200
4.1. Characteristics of business operations
4.2. Accounting period, currency unit used by the enterprise in accounting
4.3. Accounting Standards and Regimes applied by enterprises
4.4. Accounting policies applied in cases where the enterprise meets the going concern assumption
4.5. Accounting policies applied when an enterprise does not meet the going concern assumption
4.6. Additional information for items presented in the Balance Sheet
4.7. Additional information for hong kong telegram data items presented in the Income Statement
4.8. Additional information for the Cash Flow Statement
4.9. Other required information
5. Conclusion
1. Purpose of preparing financial statement explanatory notes
Purpose of preparing financial statements
The financial statement explanatory notes focus primarily on the female target audience are prepared for the following purposes:
– Is an inseparable part of the enterprise’s financial statements . The notes to the financial statements are used to describe or analyze in detail the data presented in the Balance Sheet, Income Statement , Cash Flow Statement as well as other necessary information bulk data as required by specific accounting standards.
– May be used to present other information if the enterprise deems it necessary for the fair and
reasonable presentation of the Financial Statements.
Not only serving important purposes, the explanatory notes to the financial statements are also an indispensable part of the financial statements that businesses must submit annually. Accountants can rely on the support of software such as MISA AMIS Accounting to make explanatory notes to the financial statements more quickly. MISA AMIS Accounting allows you to create explanatory notes to financial statements by quarter, year, first 6 months of the year, last 6 months of the year with simple steps.2. Principles of preparing explanatory notes to Financial Statements
The preparation and presentation of financial statements must comply with the following principles:
– When preparing the annual Financial Statements , we must prepare the Notes to the Financial Statements in accordance with the provisions of the Accounting Standards on “Presentation of Financial Statements” and the instructions in this Financial Reporting Regime.