FINANCIAL STATEMENT Definition

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FINANCIAL STATEMENT is a written report which quantitatively describes the financial health of a company. This includes an income statement and a balance sheet, and often also includes a cash flow statement. Financial statements are usually compiled on a quarterly and annual basis.

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TAFR is Treasurer's Annual Financial Report.

COST CEILING, in project management, is the sum of the Project Cost Target plus the projects Contingencies cost allowances.

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