{"id":3954,"date":"2013-04-01T07:17:36","date_gmt":"2013-04-01T05:17:36","guid":{"rendered":"http:\/\/www.officetodo.com\/public\/?p=3954"},"modified":"2013-03-24T07:18:30","modified_gmt":"2013-03-24T05:18:30","slug":"youre-allowed-to-deviate-from-the-forms-given-if-it-would-benefit-to-better-understanding","status":"publish","type":"post","link":"https:\/\/www.officetodo.com\/public\/youre-allowed-to-deviate-from-the-forms-given-if-it-would-benefit-to-better-understanding\/","title":{"rendered":"You\u2019re allowed to deviate from the forms given if it would benefit to better understanding"},"content":{"rendered":"<p>No doubt there are generally accepted forms for showing your company\u2019s balance sheet, income statement etc. in your country. They may be state enforced or just used by companies and as such they\u2019ve become sort of generally accepted.\u00a0<!--more--><\/p>\n<p>What those forms do is they offer a guideline of how statements should look like on grand scale of things \u2013 whether you start from assets or liabilities and if you\u2019re showing your expenses as by their nature or function and which subtitles you\u2019re using etc. It\u2019s what the forms usually do, but truth to the fact is that often times you feel the need to add something extra, take something away or merely change the names. Wherever that\u2019s physically possible as in you\u2019re not filling information into electronic or digital forms, you are allowed to do so provided this makes the statements more understandable or enables them to reflect a fairer view of your company and it\u2019s financial performance. You have the right to change it so it serves the purpose really. If you think about, what the statements need to do is tell the story of your company. You can only achieve this by making sure they\u2019re suitable for the purpose.<\/p>\n<p>When changing the forms however, do make sure that you don\u2019t entirely change the structure and maintain some similarity and compliance to generally accepted accounting principles and their guidelines when it comes to statements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>No doubt there are generally accepted forms for showing your company\u2019s balance sheet, income statement etc. in your country. They may be state enforced or just used by companies and as such they\u2019ve become sort of generally accepted.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,46],"tags":[],"class_list":["post-3954","post","type-post","status-publish","format-standard","hentry","category-4-reporting","category-4-1-annual-report"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=3954"}],"version-history":[{"count":2,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3954\/revisions"}],"predecessor-version":[{"id":3956,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3954\/revisions\/3956"}],"wp:attachment":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=3954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=3954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=3954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}