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 7 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 10 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 11 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