If you work in a financial role for a large company, it is important to understand how to issue preliminary financial statements. Preliminary financial statements are released within an organization and to its major stakeholders to indicate a company's financial position at a given time. In order to convey the correct information, there is a specific way this information must be initially issued.
Portray a cohesive and consistent financial picture of the company as a whole. Each financial statement should work off of the others to complement one another and to provide stakeholders with an accurate portrayal of how the business is running. Each financial statement should be issued together at the same time.
Separate important information so that the figures in the financial statements can be accurately used to help predict the future cash flow of the organization. Separating items into relevant and homogeneous categories makes it easier to assess a company's position, to estimate future cash flows and to have an idea of where the company is heading.
Use statements to help stakeholders assess the liquidity and financial flexibility that exists within a company. One of the most important aspects of a company's financial picture is how liquid its assets are, so by helping stakeholders understand that the company can adequately pay for its financial commitments as they become due, you can help them to understand the overall picture that the financial statements are trying to portray better.