1. A balance sheet, income statement, or annual report that summarizes an individual’s or organization’s financial condition on a specified date or for a specified period by reporting assets and liabilities.
— Also termed financial report. Cf. FINANCING STATEMENT.
certified financial statement. A financial statement examined and reported by an independent public or certified public accountant. SEC Rule 12b-2 (17 CFR § 240.12b-2).
consolidated financial statement. The financial report of a company and all its subsidiaries combined as if they were a single entity.
2. INCOME-AND-EXPENSE DECLARATION.
