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E/2020/42E/CN.18/2020/9United NationsUnited Nations Forum on Forests Report on the fifteenth sessionEconomic and Social Council Official Records, 2020 Supplement No. 22E/2020/42E/CN.18/2020/9Economic
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A comparative account is a financial document that presents the financial performance and position of an entity over multiple periods, allowing for analysis of trends and variances.
Typically, companies that are required to prepare financial statements following accounting standards are required to file a comparative account, including public companies and certain private companies.
To fill out a comparative account, collect financial data from current and previous periods, organize it according to relevant accounting standards, and present it in a structured format, detailing revenues, expenses, and other key financial metrics.
The purpose of a comparative account is to provide stakeholders with insights into the financial performance and position of the entity over time, facilitating decision-making, analysis, and evaluation of trends.
A comparative account must report information such as income statements, balance sheets, cash flow statements, and key financial ratios for multiple periods.
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