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Financial Statements
Comprehensive reports created to present a business's financial performance and position, typically including the balance sheet, income statement, and cash flow statement.
Note Receivable
A formal agreement in which one party promises to pay another a specific sum of money, typically with interest, by a certain date.
Uncollectible Accounts
Accounts receivable that a business does not expect to collect due to customers' inability or unwillingness to pay, often leading to a write-off.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that guides the financial reporting for companies outside of the United States.
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