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financial-statements

Standardize income statements, balance sheets, and cash flow statements with GAAP/IFRS formatting.

Updated Apr 16, 2026
Search Tags:#gaap#cash-flow#income-statement#financial-statements#balance-sheet#variance-analysis#flux-analysis
One-click install
npx skills add https://github.com/yethikrishna/humble --skill financial-statements-yethikrishna
Or copy as Structured Prompt for Agent▼
Please help me install this Agent Skill.
Skill: financial-statements
Source: https://github.com/yethikrishna/humble/tree/main/core/kortix-master/opencode/skills/GENERAL-KNOWLEDGE-WORKER/financial-statements
Command: npx skills add https://github.com/yethikrishna/humble --skill financial-statements-yethikrishna

SYSTEM DOCUMENTATION & REQUIREMENTS

What problem does it solve?

Provides clear, standardized formats and GAAP/IFRS presentation guidance so accountants and analysts can prepare, review, and communicate income statements, balance sheets, and cash flow statements consistently and accurately.

Core Features & Use Cases

  • Standardized templates: Ready layouts for income statements, classified balance sheets, and cash flow statements (indirect method).
  • GAAP/IFRS presentation guidance: Key disclosure and classification rules such as current vs non-current, ASC/IAS references, and revenue disaggregation considerations.
  • Period-end adjustments & reclassifications: Common accruals, deferrals, depreciation/amortization, bad debt provisioning, inventory write-downs, and intercompany eliminations.
  • Flux / variance analysis methodology: Dollar and percentage variance calculations, materiality thresholds, variance decomposition (volume, rate, mix, FX, one-time items), and investigation steps with narrative guidance.
  • Use case: Month-end close teams and financial analysts can apply the templates and adjustment checklist to produce GAAP-compliant statements and a structured variance report for management or external reporting.

Quick Start

Use the financial-statements skill to format the latest period's trial balance into GAAP presentation and produce a variance decomposition narrative versus the prior period.

Frequently Asked Questions about financial-statements

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

FAQPage Schema
How do I format a trial balance into GAAP-compliant financial statements?▼

To format a trial balance into GAAP-compliant financial statements, you need structured line-item templates and period-end adjustments for accruals, deferrals, and depreciation. This process standardizes income statements, balance sheets, and cash flow statements for accurate corporate reporting.

What is variance decomposition in financial flux analysis?▼

Variance decomposition in financial flux analysis is the process of breaking down dollar and percentage changes into volume, rate, mix, FX, and one-time items. It provides a structured narrative for management reporting by applying materiality thresholds and investigation steps.

How do I calculate period-end accruals and deferrals for month-end close?▼

Calculating period-end accruals and deferrals for month-end close involves applying reconciling adjustments to structured line-item templates. This includes common bad debt provisioning, inventory write-downs, depreciation, amortization, and intercompany eliminations to finalize financial statements.

Does this approach support both GAAP and IFRS presentation for classified balance sheets?▼

Yes, this approach supports both GAAP and IFRS presentation for classified balance sheets by providing key disclosure and classification rules. It guides current vs non-current categorization, ASC/IAS references, and revenue disaggregation considerations for external reports.

What's the best way to perform cash flow statement analysis using the indirect method?▼

The best way to perform cash flow statement analysis using the indirect method is to apply standardized presentation templates. This ensures consistent classification of operating, investing, and financing activities while integrating period-end reclassifications and reconciling adjustments.

Why do I need structured line-item templates for income statement preparation?▼

You need structured line-item templates for income statement preparation to ensure consistent GAAP or IFRS formatting and accurate revenue disaggregation. These templates standardize presentation, integrate period-end adjustments, and facilitate clear variance analysis for internal reporting.

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