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#financialstatements — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #financialstatements, aggregated by home.social.

  1. The Treasury just declared the U.S. insolvent. The media missed it

    The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s…
    #NewsBeep #News #Economy #Business #financialstatements #SocialSecurity #totalliabilities #TreasuryDepartment #UK #UnitedKingdom
    newsbeep.com/uk/491669/

  2. On Wed, James fired an opening salvo, arguing that a #trial is not necessary to find that Trump & the other defendants inflated the value of their assets in annual #FinancialStatements, #fraudulently obtaining favorable #loans & #insurance arrangements.

    The #fraud was so pervasive, she said in a court filing, that Trump had falsely boosted his #NetWorth by between $812M & $2.2B each year over the course of a decade.

    #SummaryJudgment #law #legal

  3. Back to the #TrumpTrial #day2

    During #CrossExamination this afternoon, #Trump #lawyer Jesus #Suarez tried to pin the blame for #inflated #FinancialStatements on Trump's fmr #accountant, #DonaldBender.

    Suarez noted in his questioning that #Bender was the only #CPA compiling the documents, & that others involved like #AllenWeisselberg didn't have that level of expertise. (Um, he was the CFO - the Chief Financial Officer 🤦🏼‍♀️)

    #fedilaw #legal #law #civil #conspiracy #fraud

  4. Continuing his #testimony, fmr #Trump #accountant #DonaldBender #testified that the info he used to compile Trump's #FinancialStatements came from the #TrumpOrganization, NOT him.

    The #judge already found the #financial statements were grossly #inflated & #fraudulent.

    The AG's office is trying to show a #pattern of behavior through documents bolstering #Bender's claim, indicating he & the accounting company he worked for relied on docs that Trump & his company provided them.

    #law #legal

  5. Fmr #Trump #accountant #DonaldBender testified that at one point he discovered that Trump & his company were #withholding certain docs that should have been given to him as he compiled Trump's #FinancialStatements.

    Trump &… #AllenWeisselberg, sent #Bender letters asserting they'd "made available to you all available records & financial data" & had "not knowingly withheld from you any #financial #records or related #data that in our judgment would be relevant to your compilation."

  6. GPT4 does a good job analysing financial statements using Chain-of-Thought prompting, if this holds i see a lot of opportunities for other standardised reports in various domains.
    bfi.uchicago.edu/working-paper
    #AI #LLM #GPT4 #finance #financialstatements #ChainofThought #CoT

  7. #CameronHarris, argued the #Trumps are #responsible for their #FinancialStatements

    #DonaldTrumpJr & #EricTrump, who signed the representation letr. & the engagement letr. for the 2021 compilation of #Trump’s statements of #financial condition, were a focus of the PM court session.

    When #DonaldBender was engaged, #AllenWeisselberg, fmr #TrumpOrg CFO, played that role, but by 2021, the responsibility for retaining & managing the #accounting relationship seems to have shifted to the #TrumpSons.

  8. #Engoron also noted that there are significant land use restrictions attached to the property, & he wrote that #Trump’s #FinancialStatements, valuing MAL at roughly $426.5M to $612.1M between 2011 & 2021, are “materially #false & #misleading” bc they don’t reflect those restrictions.

    #Trump was #wrong to suggest that the judge had agreed in court that MAL is worth even more than his financial statements claimed.

  9. #Trump also delivered some mixed messages (shocker) on the #FinancialStatements that the #judge already found are #fraudulent, maintaining the statements were "incredibly strong" (didn’t say they weren’t fraudulent; perhaps they’re “strongly fraudulent”) while also saying that there were #disclaimers suggesting #FinancialInstitutions shouldn't rely on them.

    "There was absolutely no fraud," he said, calling the AG's case against him "a scam & a fraud."

    #fedilaw #legal #law #Conspiracy #fraud

  10. Attention all! The quarter end is fast approaching, and that means it's time to buckle down and prepare those financial statements.

    Don't wait until the last minute, start now to ensure accuracy and avoid any unnecessary stress.

    This is also important for non-businesses. Go over your personal budget, make sure your accounts look right by reconciling them. Evaluate the last quarter and plan for the next.

    #quarterend #financialstatements

  11. "Understanding company financials (Part 2)" is now up!

    ➕ three simple metrics to determine if #AstraZeneca is worth analysing beyond our screener (don't hold your breath!) and a first look at the #FindItFinancials PDF Text Extractor for #financialstatements 🔎

    thebarnblog.substack.com/p/und

    #investing #valueinvesting #markets #thebarnblog

  12. "Understanding company financials (Part 2)" is now up!

    ➕ three simple metrics to determine if #AstraZeneca is worth analysing beyond our screener (don't hold your breath!) and a first look at the #FindItFinancials PDF Text Extractor for #financialstatements 🔎

    thebarnblog.substack.com/p/und

    #investing #valueinvesting #markets #thebarnblog

  13. "Understanding company financials (Part 2)" is now up!

    ➕ three simple metrics to determine if #AstraZeneca is worth analysing beyond our screener (don't hold your breath!) and a first look at the #FindItFinancials PDF Text Extractor for #financialstatements 🔎

    thebarnblog.substack.com/p/und

    #investing #valueinvesting #markets #thebarnblog

  14. "Understanding company financials (Part 2)" is now up!

    ➕ three simple metrics to determine if #AstraZeneca is worth analysing beyond our screener (don't hold your breath!) and a first look at the #FindItFinancials PDF Text Extractor for #financialstatements 🔎

    thebarnblog.substack.com/p/und

    #investing #valueinvesting #markets #thebarnblog

  15. Knowing our Personal Financial Statement is key for success in business and investing. A banker wants to see our personal financial statement to find out how well we manage debt, cash-flow and assets but not limited.

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    #masterinvestor #wealth #business #assets #investing #investments #cashflow #leverage #money #businessowners #investingtips #financialstatements #education #entrepreneurs #millionaire #billionaire #freedom #trendijg #news #luxury #dreamscometrue #passiveincome

  16. Knowing our Personal Financial Statement is key for success in business and investing. A banker wants to see our personal financial statement to find out how well we manage debt, cash-flow and assets but not limited.

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    #masterinvestor #wealth #business #assets #investing #investments #cashflow #leverage #money #businessowners #investingtips #financialstatements #education #entrepreneurs #millionaire #billionaire #freedom #trendijg #news #luxury #dreamscometrue #passiveincome

  17. Knowing our Personal Financial Statement is key for success in business and investing. A banker wants to see our personal financial statement to find out how well we manage debt, cash-flow and assets but not limited.

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    .

    .

    #masterinvestor #wealth #business #assets #investing #investments #cashflow #leverage #money #businessowners #investingtips #financialstatements #education #entrepreneurs #millionaire #billionaire #freedom #trendijg #news #luxury #dreamscometrue #passiveincome