Anything companies use for more than one year to manufacture, display, store, and transport products. Listed after current assets in the assets category on the statement of financial position. See also assets , noncurrent assets . footnotes. An annual report section that provides information essential to fully understanding the financial statements. Notes explain the financial statements' numbers and any significant events affecting them.
Notes also provide additional detail and provide supplementary financial information.
Also called notes. A financial report the SEC requires companies to submit yearly. This audited form contains more detailed information than the financial statements in the annual report. A financial report the SEC requires companies to submit quarterly. This unaudited form includes briefer, less detailed financial statements than those in the annual report.