Consolidated Financial Statements of the Nestlé Group 2017 71 Notes 1. Accounting policies Accounting convention and accounting standards The Consolidated Financial Statements comply with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and with Swiss law.
the financial statements in accordance with accounting principles generally accepted in the United States of America and for designing, implementing, and maintaining internal control relevant to the preparation and fair presentation of the financial statements.
financial statements may be superseded as new guidance or interpretations are issued. Financial statement preparers and other users of these illustrative financial statements are therefore cautioned to stay informed of, and carefully evaluate, subsequent authoritative and interpretative guidance.
XYZ COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2002 UNAUDITED - See "Notice to Reader" 1. SIGNIFICANT ACCOUNTING POLICIES AND GENERAL INFORMATION Nature of Business The company is a Canadian-controlled private corporation subject to the Business Corporations Act, 1982 (Ontario), was incorporated in May 1995 ...
• Notes to the Financial Statements & Schedules –The rest of the story! Balance Sheet • Is a “snapshot in time” –presents the financial picture of the Company as of a specific date • Assets = Liabilities + Equity. Assets • Assets are everything you own (cash, ... Financial stmts for the Construction Industry
What Is a Business Financial Statement? | Chron.com
62 Consolidated Financial Statements of the Nestlé Group 2016 Consolidated balance sheet as at 31 December 2016 before appropriations In millions of CHF Notes 2016 2015 Assets Current assets Cash and cash equivalents 12/16 7 990 4 884 Short-term investments 12 1 306 921 Inventories 6 8 401 8 153 Trade and other receivables 7/12 12 411 12 252 Prepayments and accrued income 573 583
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