FINANCIAL STATEMENTS - REVIEWER
FINANCIAL STATEMENTS - REVIEWER
I. Meaning of Financial Statements
Financial statements present the data of a business's financial performance and financial position for a specific period of time. They help users understand how the business earns, spends, and manages money.
II. Period Covered
II. Period Covered
There are two types of accounting periods: Fiscal Year - Any twelve-month period chosen by the business (example: February to March). Calendar Year - January first to December thirty-first.