condensed financial statement

Definition

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.

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

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

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

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