Which of the following items are part of financial reporting

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

Solution

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.