2024 Illustrative Financial Statements for Financial Institutions Released

Author picture By

Financial statements are complex and banking and financial institutions are under added regulatory and stakeholder pressure to ensure accurate reporting, financial stability, and strict compliance. We’re here to help.

The Baker Newman Noyes Banking & Financial Services practice is pleased to release our 2024 Illustrative Financial Statements for Financial Institutions. We publish this tool annually to help banks and financial institutions make sense of their financial statements. The sample statements are updated for the year-ending December 31, 2024 and include:

  • Practical examples of common disclosures applicable to financial institutions as required under generally accepted accounting principles (GAAP)
  • The form and content requirements of the SEC
  • New and updated accounting pronouncements issued through September 30, 2024

We hope you find this tool useful as you prepare for your year-end close and annual financial reporting cycle.

For additional information relating to this publication or general year-end financial reporting matters contact: Joseph Jalbert, principal and banking practice lead or your BNN advisor.

 

Disclaimer of Liability: This publication is intended to provide general information to our clients and friends. It does not constitute accounting, tax, investment, or legal advice; nor is it intended to convey a thorough treatment of the subject matter.