condensed financial statement


An accepted form of financial reporting in which individual income statement or balance sheet categories are consolidated under a general category for purposes of simplifying the reading of the financial statement. Condenses a detailed, multi-page financial statement down to less than a page of summarized reporting.

Use this term in a sentence

There was a condensed financial statement and it was very important for us to know and for us to work with.

​ Was this Helpful? YES  NO 8 people found this helpful.

You should try and get a condensed financial statement that will tell you all the pertinent info that you need.

​ Was this Helpful? YES  NO 4 people found this helpful.

Most investment firms agree to provide quarterly condensed financial statements to the employees of companies who hire them to manage their pension plan programs.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
condemnation condition