Which of the following items are part of financial reporting but are not include

Question

Which of the following items are part of financial reporting but are not included as part of general-purpose financial statements? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer) Auditors' reports Prospectus Stock price information and analysis Management discussion and analysis of financial performance 1 Statement of cash flows 1 Statement of shareholders' equity Financial statement notes 1 Balance sheet Income statement

Explanation / Answer

Answer

Explanation : The financial statements which are included in general purpose financial statements are balance sheet , incomes tatement, statement of shareholders' equity , cash flow statement & related disclosures ie financial statement notes.

Items like auditor's reports , prospectus , stock price information analysis , management discussion and analysis of financial performance are part of financial reporting but are not included in  general purpose financial statements.

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