Finance School of Management Notes on Financial statements More information relevant to understanding the true financial condition of the company in the notes to the financial statements An explanation of accounting methods used Greater details regarding certain assets or liabilities Information regarding the equity structure of the firm Documentation of changes in operations Off-balance-sheet items uesTc 1414 Finance School of Management Notes on Financial Statements ❖ More information relevant to understanding the true financial condition of the company in the notes to the financial statements. –An explanation of accounting methods used –Greater details regarding certain assets or liabilities –Information regarding the equity structure of the firm –Documentation of changes in operations –Off-balance-sheet items