- Balance sheet
- Income statement
- Cash flow statement
- Statement of changes in equity
- Notes
Additional statements are required disclosing asset impairments, changes in capital
structure, appropriations of profits, as well as business and geographical sections. The
notes include a declaration of accounting policies. Because applicable, they discuss this kind of
matters as contingencies, important post-balance linen events, and related-party
transactions. An administration discussion and analysis is needed discussing the enterprise’s
operations, budget, results, cash flows, as well as items affecting them.Financial statements must be consolidated, comparative, in Chinese, and expressed in
the Chinese currency, the renminbi. The annual financial statements must be audited
by a Chinese CPA. Listed companies must evaluate their internal controls as well as engage an
external auditor to judge the controls and discuss the self-assessment
report. An every three months balance sheet, income declaration, and notes are required with regard to
listed companies.
