Some alternative methods to the three financial statements model for representing financial data include the use of management discussion and analysis (MD&A), footnotes to the financial statements, and non-GAAP financial measures. The MD&A is a section of a company's annual report in which management discusses numerous aspects of the company, including its financial condition, results of operations, market segment performance, and forward-looking statements. Footnotes provide additional information about the financial condition of a company that is not readily apparent from the financial statements. Non-GAAP financial measures, such as EBITDA, provide a different perspective on a company's performance and financial condition that is not captured by traditional financial statements.
How to clearly show the performance of your organization with numbers? The three financial statement...
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