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on the financial statements vs in the financial statements

Both "on the financial statements" and "in the financial statements" are commonly used and correct. The choice between them depends on the context in which they are used.

Last updated: March 24, 2024 • 717 views

on the financial statements

This phrase is correct and commonly used in English.

This phrase is used when referring to specific items or information that are physically presented or included in the financial statements.

Examples:

  • The auditor identified errors on the financial statements.
  • The notes on the financial statements provide additional details.
  • The company's revenue is disclosed on the financial statements.
  • The balance sheet on the financial statements shows the company's assets and liabilities.
  • The income statement on the financial statements highlights the company's financial performance.
  • The major impacts on the financial statements of this change were as follows:
  • In addition, according to the auditor's opinion on the financial statements for the year 2013, there is material uncertainty as regards the ability of the Company to continue operations due to negative equity and current liabilities exceeding current assets.
  • having regard to the communication from the Commission on the financial statements of the ECSC at 23 July 2002 OJ C 127, 29.5.2003, p.
  • having regard to the Court of Auditors report on the financial statements of the ECSC at 23 July 2002 OJ C 127, 29.5.2003, p..
  • Notwithstanding the Financial Regulation and the Implementing Rules, a certificate on the financial statements shall be compulsory only whenever the cumulative amount of interim payments and balance payments made to a participant is equal to EUR 375000 or more for an indirect action.
  • However, for indirect actions of a duration of 2 years or less, not more than one certificate on the financial statements shall be requested from the participant, at the end of the project.
  • In the case of public bodies, research organisations, and higher and secondary education establishments, a certificate on the financial statements as required under paragraph 1 may be established by a competent public officer.
  • However, for indirect actions of duration of 2 years or less, not more than one certificate on the financial statements shall be requested from the participant, at the end of the project.
  • However, for indirect actions of duration of 2 years or less, not more than one certificate on the financial statements shall be requested from the participant, at the end of the project.
  • having regard to the Court of Auditors' report on the financial statements of the ECSC as at 23 July 2002 OJ C 127, 29.5.2003, p.
  • having regard to the report of the Court of Auditors on the financial statements of the ECSC as at 31 December 2001 OJ C 158, 3.7.2002, p.
  • having regard to the communication from the Commission on the financial statements of the ECSC at 23 July 2002,
  • having regard to the communication from the Commission on the financial statements of the ECSC at 23 July 2002 [1],
  • By letter of 17 June 2002 the Court of Auditors submitted to the European Parliament, pursuant to Articles 78d and 45c of the ECSC Treaty, its report on the financial statements of the ECSC as at 31 December 2001 (2002/2185(DEC)).
  • having regard to the report of the Court of Auditors on the financial statements of the ECSC as at 31 December 2001 OJ C 158, 3.7.2002.,
  • By letter of 27 November 2002, the Court of Auditors forwarded to Parliament its report on the financial statements of the European Environment Agency for the financial year 2001, together with the Agency's replies (2003/2044(DEC)).
  • By letter of 27 November 2002, the Court of Auditors forwarded to Parliament its report on the financial statements of the Translation Centre for the bodies of the European Union for the financial year 2001, together with the Centre's replies (2003/2045(DEC)).
  • By letter of 27 November 2002, the Court of Auditors forwarded to Parliament its report on the financial statements of the European Monitoring Centre on Racism and Xenophobia for the financial year 2001, together with the Centre's replies (2003/2042(DEC)).
  • By letter of 27 November 2002, the Court of Auditors forwarded to Parliament its report on the financial statements of the European Agency for Reconstruction for the financial year 2001, together with the Agency's replies (2002/2188(DEC)).
  • When leading the audit team of a major state-owned company, I proposed to issue a disclaimer of opinion (auditor's report stating that the auditor is unable to express an opinion on the financial statements).

Alternatives:

  • in the financial statements
  • within the financial statements
  • included in the financial statements
  • presented in the financial statements
  • found on the financial statements

in the financial statements

This phrase is correct and commonly used in English.

This phrase is also used when referring to items or information that are contained or included in the financial statements.

Examples:

  • The company's assets are listed in the financial statements.
  • The auditor found discrepancies in the financial statements.
  • The financial data in the financial statements is accurate.
  • The footnotes in the financial statements provide important information.
  • The company's financial position is disclosed in the financial statements.
  • Each material class of similar items shall be presented separately in the financial statements.
  • This may be included in the financial statements or in the actuary's report.
  • An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements.
  • Guarantees held to secure pre-financed amounts are treated as Contingent Assets and as such they are not accounted for in the financial statements (IPSAS 19).
  • These obligations are valued annually by independent actuaries to establish the appropriate liability in the financial statements.
  • In the process of applying the entity's accounting policies, management makes various judgements, apart from those involving estimations, that can significantly affect the amounts recognised in the financial statements.
  • Changes in the fair value of an equity instrument are not recognised in the financial statements.
  • Contingent assets are assessed continually to ensure that developments are appropriately reflected in the financial statements.
  • The Communities established an exhaustive inventory of the applicable rules and considered the presentation in the financial statements.
  • Transactions and events are recognised in the financial statements in the period to which they relate.
  • Some IFRSs specify information that is required to be included in the financial statements, which include the notes.
  • When the presentation or classification of items in the financial statements is amended, comparative amounts shall be reclassified unless the reclassification is impracticable.
  • Such transactions shall be disclosed elsewhere in the financial statements in a way that provides all the relevant information about these investing and financing activities.
  • This Standard sometimes uses the term 'disclosure' in a broad sense, encompassing items presented in the financial statements.
  • Unless specified to the contrary elsewhere in this Standard or in another IFRS, such disclosures may be made in the financial statements.
  • According to the European Communities accounting rules, transactions and events are recognised in the financial statements in the period to which they relate.
  • If it becomes probable that an outflow of resources embodying economic benefits or service potential will be required for an item dealt with as contingent liability, a provision is recognised in the financial statements of the period in which the change of probability occurs.
  • An audit involves performing procedures designed to obtain audit evidence concerning the amounts and the disclosures in the financial statements.
  • Guarantees related to pre-financing amounts are disclosed as contingent assets and as such they are not accounted for in the financial statements (IPSAS 19).
  • According to the EDF accounting rules, transactions and events are recognised in the financial statements in the period to which they relate.

Alternatives:

  • on the financial statements
  • within the financial statements
  • included in the financial statements
  • presented in the financial statements
  • found in the financial statements

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