Notes to the Financial Statements
Also called: footnotes, financial statement notes, accounting policies
The notes explain the numbers: accounting policies, assumptions, commitments, contingencies, and the detail behind every summarised line. They are typically several times longer than the statements themselves and are where the real information sits — pension assumptions, lease obligations, litigation, related-party transactions. Anything a company would rather you didn't dwell on is disclosed here rather than on the face of the statements.
Where this is taught
Definitions are the trailer. These free levels turn Notes to the Financial Statements into something you play — one bite-size lesson, with worked examples, a quiz and XP.