Preparing Financial Statements
{"Image DocumentName": "Preparing Financial Statements", "Image ImageDescription": "Publicly owned companies \u2013 those with shares listed on a stock exchange \u2013 have obligations to release annual and quarterly information to their stockholders and to the public. The annual report includes comparative financial statements and other information relating to the company\u2019s financial position, business operations, and future prospects. The financial statements contained in the annual report must be audited by a firm of certified public accountants (CPAs). Publicly owned companies \u2013 those with shares listed on a stock exchange \u2013 have obligations to release annual and quarterly information to their stockholders and to the public. These companies don\u2019t simply prepare financial statements \u2013 they publish annual reports. An annual report includes comparative financial statements for several years and a wealth of other information about the company\u2019s financial position, business operations, and future prospects. Before the annual report is issued, the financial statements must be audited by a firm of certified public accounts (CPAs). Publicly owned companies must file their audited financial statements and detailed supporting schedules with the Securities and Exchange Commission.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}