In the Philippines, senior officials are required to file a statement of assets, liabilities and net worth each year in order to verify that they are not enriching themselves from their government positions.
In the Philippines, senior officials are required to file a statement of assets, liabilities and net worth each year to verify that they are not enriching themselves from their positions.
(Burkle had made the estimate, and had submitted a statement of his assets; neither his lawyer nor Janet's examined any backup documents).
The Vatican issues statements of its assets — in 2007 the amount was 1.4 billion euros —but the Vatican Bank is off the books, as is a metric ton of gold, and other things not reported.
In any accounting controversy, the issue is whether the statement of revenue, profit, assets and liabilities accurately reflects the "reality" of those transactions.
He is the first U.N. secretary-general to file a public statement of personal financial assets, a matter of some interest in an institution where even the International Court of Justice has been shaken by allegations of corruption.
Similar to the balance sheet of a business, this statement lists the value of assets held and debts owed by the organization at the end of the reporting period.
Skilling apologized for the vulgarism, but not for the refusal to produce the balance sheet the basic statement of a corporation's assets and liabilities.
Mr. Gourevitch suggested it would be easier to bring cases based on possibly misleading statements than on the valuation of assets.
Companies claim to have learned lessons from past downsizing disasters, and to be trying much harder to keep their "most valuable assets" (see statement of corporate values, if still applicable), or at least to fire them kindly.
The equivalent government statements to business financial statements' income statement, balance sheet and cash flow statement are statement of activities, statement of net assets and statement of cash flows, respectively.
