This information is called the notes （ or “ notes to the financial statements ”）. The notes to the financial statements may include contextual information about debt, accounts, contingent liabilities, continuing business standards, or interpretation of financial data （, for example, information indicating litigation ）. The notes clarify the various reporting items.
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The notes are also used to explain the accounting methods used to prepare statements latest database and support the evaluation of the calculation method of a particular account. For example: if a company’s fixed asset impairment line in the income statement lists the loss, the note can explain the reason for the impairment by describing how the asset is impaired. In the consolidated financial statements, the amount of ownership （ holding equity ） owned by all subsidiaries and parent companies in the subsidiaries is listed.
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If there is a significant difference between the previously reported estimated amount and the actual result, any items in the financial statements that are evaluated by estimates are part of the notes. The impact of the difference between the estimated result and the actual result BM Lads should be fully disclosed. Management discussion and analysis Management discussion and analysis （MD&A） is an integral part of the company’s annual financial statements.
