Cash Flow Statements: A Quick Guide
The Cash Flow Statement is one of the three primary financial statements. It outlines the sources & uses of cash by the company and has three main categories of cash flows: The Cash Flow Statement is an integral part of the company’s financial statements, alongside the Income Statement and the Balance Sheet. It adds more […]
Trial Balance Mapping for Financial Reports
Most ERP and accounting software solutions out there can generate decent standard reports. However, we often need more than that. One way to approach the preparation of more specific statements is to do it in Excel. We can export the data from our systems and prepare a template for the Excel statement, where we will […]
Consolidation of Financial Statements: A Brief Introduction
In finance terms, consolidation refers to the incorporation of the financial statements of all subsidiaries into the financial statements of the parent company. Consolidation of financial statements requires the parent company to integrate and combine all its financials to create a standard-form income statement, balance sheet, and cash flow statement, as part of a set […]
Materiality in Financial Analysis and Modeling
What is Materiality The materiality of a transaction amount or a financial statement line item is determined based on the impact of a misstatement of information on the intended users of that information. If the stakeholder is most likely to alter their actions if we presented the information correctly, the mistake is considered material. And, […]