Unravelling the Profit and Loss Account and the Balance Sheet

  • Trevor Pijper
Part of the Finance and Capital Markets Series book series (FCMS)


The ASB’s statement of the objective of financial statements requires them ‘to provide information about the financial position, performance and financial adaptability’1 of the reporting entity. To use more common terminology, financial statements have to include a balance sheet, a profit and loss account, a statement of total recognised gains and losses and a statement of cash flows, in addition to various note disclosures.


Cash Flow Balance Sheet Fund Statement Capital Expenditure Cash Surplus 
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  1. 5.
    Paterson, Ron (1990), ‘Primacy For The P&L Account’, Accountancy, August, p. 82.Google Scholar

Copyright information

© Trevor Pijper 1993

Authors and Affiliations

  • Trevor Pijper
    • 1
  1. 1.VancouverCanada

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