Statement
In accounting, statement means p&L, balance sheet, or cash flow.
- Layer
- Lexicon
- Defined in
- Lexicon
- Components
- 19
Authority
This definition follows ASC 205.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
Statement, in use
Quoted from the 27 documents that use the word — what it does to an interface, in the spec's own sentence.
What each statement means, how it's structured, and what the components must therefore enforce.
This is the detail that makes it read as an accounting statement rather than a styled table.
The general ledger and the financial statement are two different representations of the same fact, and they disagree about signs.
For founders
The same idea written for a founder: what it costs a startup that ignores it, and what to do in a real month.
- Bank reconciliation step by stepMatch the bank statement to the books, clear deposits in transit and outstanding checks, book the fees, and reach a $0.00 difference every month.
- How to read an income statement (P&L)Revenue, cost of revenue, gross margin, operating expenses and net income, read line by line, on accrual basis, with the mistakes founders make most.
- Cash flow statement explained: why profit isn’t cashHow the cash flow statement starts at net income, adds back non-cash costs and working capital, splits three activities and ties to the balance sheet.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- report (a report is generated ad hoc)
Components that render this
The concept is not documentation-only. These are the components that name it in their specification, grouped and stated exactly as the catalog states them.
2Cards
Family spec3Payments
Family spec- StatementRowIndent level, subtotal, total, expand.
- StatementTableThe shared shell: hierarchy, periods, rules.
- StatementToolbarBasis, period, comparison, currency, consolidation.
- DrilldownSheetStatement line → the GL entries behind it.
- CashFlowStatementOperating / investing / financing.
- BalanceSheetAssets / liabilities / equity, with the balance check.
- FluxAnalysisPeriod-over-period explanations.
9Accounting core (GL)
Family spec10Receivables (AR)
Family specTerms this one depends on
Also in Statements
Work with this concept
The calculators that compute it and the ledger payloads that carry it. A definition is where a reader starts; these are where they go next.
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.