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Author: admin | Category: Calculateur De Pret Auto | Date: 06.12.2015

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Receive our free 18-page Guide to Bookkeeping Concepts (PDF) when you subscribe to our free newsletter. Whether you are a business person or student of business, our Master Set of 87 Business Forms will assist you in preparing financial statements, financial ratios, break-even calculations, depreciation, standard cost variances, and much, much more.
The notes (or footnotes) to the balance sheet and to the other financial statements are considered to be part of the financial statements.

A number of important financial ratios and statistics are generated by using amounts that are taken from the balance sheet. Because the material covered here is considered an introduction to this topic, many complexities have been omitted. The notes inform the readers about such things as significant accounting policies, commitments made by the company, and potential liabilities and potential losses. You should always consult with an accounting professional for assistance with your own specific circumstances.

The notes contain information that is critical to properly understanding and analyzing a company's financial statements.

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