What compose a complete set of Financial Statements (FSs)?

A complete set of financial statements to be submitted by an entity shall include the following:

  1. Statement of Financial Position;
  2. Statement of Financial Performance;
  3. Statement of Changes in Net Assets/Equity;
  4. Statement of Cash Flows;
  5. Statement of Comparison of Budget and Actual Amounts; and,
  6. Notes comprising a summary of significant accounting policies and other explanatory notes.

Source: Sec. 5, Chapter 19 of GAM for NGAs Volume I

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