A statement of account is the documentation of transactions between your small business and each client within a specific time frame. Once you've accessed your Account List, simply click on an account short name to get a detailed view of that account.This video is abount understanding statements of account as part of the flow of financial documents. For each applicable category of property and income, enter the number of units and annual income in the columns provided. Reconciliation is an accounting procedure that compares two sets of records to check that the figures are correct and in agreement. Unusual or innovative applications of GAAP. Reporting entities are required to describe all significant accounting policies in the financial statements. Cook County Guardianship Judges review LOTS of Inventories and Accounts, sometimes as many as TWENTY (20) per week. Be respectful of the Judge's. 108 Statement of directors' responsibilities.