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SOFP

It stands for statement of financial position; previously known as balance sheet, it is a detailed projection of the assets,...

Financial Statement Variable

An item on an entity's financial statements and books of accounts that is commonly reported and typically constitute the hinges/...

Shadow Account

An account that is used by an entity to record certain financial items (e.g., gains or losses) that have been...

Shadow Accounting

Generally speaking, it is a record keeping practice that involves maintaining a second set of account books. A shadow accounting...

P&L Statement

An abbreviation for profit and loss statement; a financial statement (forming part of a set of financial statements prepared and...

Profit and Loss Statement

A financial statement (forming part of a set of financial statements prepared and maintained by an entity) that displays an...

SOI

It stands for statement of income; a financial statement (forming part of a set of financial statements prepared and maintained...

Statement of Income

A financial statement (forming part of a set of financial statements prepared and maintained by an entity) that displays an...

Income Statement

A financial statement (forming part of a set of financial statements prepared and maintained by an entity) that displays an...

Supplementary Information

A type of accounting information that is provided to users of financial statements (by means of supplementary statements), over and...