cryptohunter
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In the UK companies must align financial statements with the Companies Act 2006 and relevant accounting standards. These statements typically include the income statement, balance sheet, and cash flow statement.
The goal is to present a true and fair view of the company financial position and performance, adhering to consistent accounting policies. Companies follow GAAP, including FRS issued by the FRC.
Statements prepared annually go to shareholders at the AGM and are filed with Companies House. The Companies Act 2006 dictates the format including requirement for directors reports, auditor report, an account notes.
The goal is to present a true and fair view of the company financial position and performance, adhering to consistent accounting policies. Companies follow GAAP, including FRS issued by the FRC.
Statements prepared annually go to shareholders at the AGM and are filed with Companies House. The Companies Act 2006 dictates the format including requirement for directors reports, auditor report, an account notes.
