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financial-statements

Format GAAP and IFRS financial statements with variance analysis.

Updated Apr 8, 2026
Search Tags:#accounting#gaap#cash-flow#income-statement#financial-statements#variance-analysis#period-end-adjustments
One-click install
npx skills add https://github.com/aimentor606/aether --skill financial-statements-aimentor606
Or copy as Structured Prompt for Agent▼
Please help me install this Agent Skill.
Skill: financial-statements
Source: https://github.com/aimentor606/aether/tree/main/core/kortix-master/opencode/skills/GENERAL-KNOWLEDGE-WORKER/financial-statements
Command: npx skills add https://github.com/aimentor606/aether --skill financial-statements-aimentor606

SYSTEM DOCUMENTATION & REQUIREMENTS

What problem does it solve?

Provides standardized presentation formats, GAAP guidance, common period-end adjustments, and a repeatable variance (flux) analysis methodology to reduce errors and speed financial close and reporting.

Core Features & Use Cases

  • Statement Templates: Clear, classified layouts for Income Statement, Balance Sheet, and Cash Flow Statement suitable for GAAP/IFRS presentation.
  • GAAP Presentation Guidance: Notes on classification by function vs. nature, treatment of goodwill, leases, stock-based compensation, and tax presentation.
  • Adjustments & Reclassifications: Common period-end accruals, deferrals, depreciation/amortization, bad debt provisioning, inventory write-downs, FX revaluation, and current/non-current reclassifications.
  • Flux/Variance Analysis: Dollar and percentage variance calculations, materiality thresholds, variance decomposition into volume, price, mix, one-time, timing, and currency effects, plus investigation steps and narrative guidance.
  • Use Case: Prepare a quarterly close pack that reconciles net income to cash flows, lists all material adjustments, and explains major variances versus the prior quarter.

Quick Start

Instruct the skill to format the quarter-end income statement, list material adjusting entries, and produce a variance decomposition against the prior quarter.

Frequently Asked Questions about financial-statements

High-intent search queries and answers about installing and using this skill.

FAQPage Schema
How do I format financial statements for GAAP compliance during month-end close?▼

Standardized line-item presentation templates format the income statement, balance sheet, and cash flow statement for GAAP compliance. These classified layouts support monthly, quarterly, and annual close processes.

What are common period-end adjustments for accruals and reclassifications?▼

Common period-end adjustments include accruals, deferrals, depreciation, amortization, bad debt provisioning, inventory write-downs, and FX revaluation. They also cover current and non-current reclassifications to ensure accurate financial reporting before closing the period.

How do I perform a variance decomposition analysis for income statements?▼

Variance decomposition breaks down dollar and percentage variances into volume, price, mix, one-time, timing, and currency effects. This methodology includes materiality thresholds and narrative investigation steps to explain major income statement fluxes.

Can I reconcile net income to cash flows for a quarterly reporting pack?▼

Yes, you can prepare a quarterly close pack that reconciles net income to cash flows. This pack lists all material period-end adjustments and explains major variances versus the prior quarter using structured flux analysis methodologies.

Does this approach provide guidance on GAAP presentation rules for leases and stock-based compensation?▼

Yes, GAAP presentation guidance covers classification by function versus nature, alongside specific treatment rules for leases, stock-based compensation, goodwill, and tax presentation across your financial statements.

What is the best way to calculate materiality thresholds for flux analysis?▼

The best way to calculate materiality thresholds for flux analysis is applying the built-in variance decomposition methodology, which evaluates dollar and percentage variances to identify significant changes requiring narrative investigation steps.

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