operating statement

The operating statements suggest that this has not been done.

The results are shown in the following operating statements:

This raises the question about whether we still need to allocate debt charges to individual operating statements.

By producing a separate operating statement and balance sheet for each non-fungible fund.

For example many do not publish separate fund balance sheets, only separate operating statements.

This chapter is concerned with the financial accounting techniques adopted in the operating statements and balance sheets of public sector organizations.

"This package usually includes a balance sheet, operating statement and related schedules, as well as a copy of the budget for the coming year."

These are clearly centred on the figures revealed by the operating statements, and these provide a convenient framework for considering them.

The balances on their operating statements cannot be called profits or losses, rather they are called surpluses or deficits.

Nevertheless, it remains true that, as under the business model, financing and refinancing of debt takes place outside the appropriation accounts (which are the operating statements).

Hence, many public sector operating statements do not only show actuals but also budgets and comparisons of actuals with budgets.

A good example of this is the requirement to produce disaggregated operating statements, in order to report on the performance of different sectors of a given industry.

Multi-year goods are stored in the balance sheet as unallocated costs and proportions of cost are allocated to the operating statement to match revenues generated.

Since the use of depreciable assets yields revenues, some proportion of the cost of those assets must be allocated to the operating statement.

The Operating Statement, Balance Sheet and Cash Flow Statement provide this basic information.

Using the measurement focus, we can move up the balance sheet (in the UK) and decide whether changes in each line-item within assets affect the operating statement.

On the other hand, if the arguments for accruals accounting are accepted, then fund accounting requires an operating statement and a balance sheet for each fund.

The chosen policy for governmental fund operating statements happens to be the flow of financial resources measurement focus defined as (GASB, 1990, p. 559):

The union refuses to acknowledge publicly what it privately knows, that the operating statements of most clubs are appalling and that a stunning debt is accumulating in the industry.

If ten funds are used but they are all consolidated into one operating statement and one balance sheet, then the results might well be the same as the accounts for a business.

In place of the requirement to debit debt charges to individual operating statements, the law now requires that the local authority makes a 'minimum revenue provision' for the accounts as a whole.

What they have in common, however, is that they produce a balance sheet and an operating statement, in marked contrast to the single 'receipts and payments' statement of cash accounting.

The point is, of course, that inventory has now been included in financial resources and therefore, under the flow of financial resources measurement focus, the operating statement includes changes in inventory.

In other words, having debited principal and interest for loans raised to operating statements, rates had to be collected at least to cover those repayments (S. 2, General Rate Act 1967).

The single most important source is the Management Accounting department, which is responsible for the regular production of operating statements, expenditure analyses, profit forecasts, cash flow statements and other relevant control information.