What does it mean to recast my financial statements?

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  • čas přidán 17. 04. 2016
  • What does it mean to recast my financial statements? | Peter T. Mavrick | Mavrick Law Firm | Representing Management, Business Owners, and Entrepreneurs in legal matters throughout South Florida | Contact | 954-564-2264| www.mavricklaw.com/ | peter@mavricklaw.com | 1620 W Oakland Park Blvd, Suite 300, Fort Lauderdale, FL 33311
    The financial statements are supposed to disclose income and expenses of the business. Sometimes the statements need to be recast in the sense that expenses are sometimes lumped together so it's not clear as to what some components of the expenses are as distinct from others. This information may be critical to the buyer to understand how it might be able to operate the business more efficiently and more profitably by understanding each of the components of the expenses.

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