< Accountancy
Disclosures
Financial statement disclosures can be broken down into the following categories:
- Primary financial statements
- Nature of operations
- Basis of reporting
- Significant accounting policies
- Financial statement accounts
- Broad transaction categories
Primary financial statements
| Disclosure name | Disclosure description | Disclosure type |
|---|---|---|
| Balance sheet | Reports assets and liabilities and equity as of a point in time. Also called statement of financial position. | Roll up of assets. Roll up of liabilities and equity |
| Income statement | Reports net income for a period of time. Also called statement of earnings | Roll up of net income (loss) |
| Cash flow statement | Reports cash flow for a period of time. Also called statement of cash flow | Roll up of net cash flow |
| Changes in equity | Reports changes in the line items of equity. Also called statement of changes in equity | Roll forward of each equity account |
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