The Functions of the Financial Statements: Different European Approaches

John Flower

Chapter 2 in European Financial Reporting, 2004, pp 29-45 from Palgrave Macmillan

Abstract: Abstract It is a fact that corporations in all European countries prepare and issue financial statements, consisting, as a minimum, of a balance sheet and a profit and loss account. This chapter considers the functions of these financial statements; the next chapter covers how the rules that govern their form and contents are set.

Keywords: Balance Sheet; Share Capital; Financial Account Standard Board; Historical Cost; Taxable Profit (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62810-6_2

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DOI: 10.1057/9780230628106_2

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