Audited financial statements

Audited financial statements

Audited financial statements are financial statements prepared in accordance with generally accepted accounting principles and accompanied by an auditor's report, which contains an unqualified opinion of an independent certified public accountant.

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Industry/Domain: Financial services
Category: Real estate investment
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audited financial statements

Financial services; Real estate investment

Audited financial statements are financial statements prepared in accordance with generally accepted accounting principles and accompanied by an auditor's report, which contains ...

audited financial statements

Banking; Mergers & acquisitions

Financial Statements which have been audited by a Certified Public Accountant in accordance with Generally Accepted Accounting Principles.

accelerated cost recovery system (ACRS)

Financial services; Real estate investment

Before 1981, assets used for the production of income were depreciable if they were subject to wear and tear or decline due to natural causes or obsolescence. Assets that did not ...

accelerated depreciation

Financial services; Real estate investment

Accelerated depreciation is a method of depreciation in which larger deductions are taken earlier in the life of the asset than with the straight-line method. Examples include the ...

account

Financial services; Real estate investment

An account is a written record of a business transaction expressed in money and kept in a ledger.

accounting principles

Financial services; Real estate investment

Accounting principles refer to an accounting doctrine that explains current practices and is a guide for the selection of accounting conventions or procedures when alternatives ...

accrued depreciation

Financial services; Real estate investment

Accrued depreciation is the difference between the cost of replacing new property and the present market value of the property.

active income

Financial services; Real estate investment

Active income is all taxable income of a taxpayer except income from a passive activity and portfolio income. Passive activity is something in which the taxpayer does not actively ...

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