What is accounting report

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  • Member Since Feb-2006 | Oct 17th, 2008

Periodic statemets showing financial position of a firm/company for a specific period, resulted from its business tranasctions and operations

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  • Jul 3rd, 2008

Accounting reports are documents filled out by brokers that details vital facts about a new client's financial circumstances and investment objectives. The report may be updated if there are material changes in a client's financial position. Based on the report, a client may or may not be deemed eligible for certain types of risky investments, such as commodity trading or highly leveraged limited partnership deals.

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