The New Standard for Financial Statements

Cairo : 2005-09-24
By : Waleed Nabeih   [Senior Implementation Consultant]

The new standard recommendation for financial statements is an evolution over its former counterpart. It introduces a new way of enlisting and classifying the contents of these statements in a manner that helps readers and analyzers read the figures and what's beneath them. It also helps with comparisons between different fiscal years, and deviations from industry or business specific ratios and ratings. This article sheds light on the formation and content of financial statements according to the new recommendations.

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