4.Stay simple, direct, and concise
Financial statements suffer from long and complex words, sentences, and paragraphs. However, it is possible to use simple descriptions and sentence structures without omitting useful information.
Companies tend to regurgitate rules and information from the standards. While there’s nothing wrong with repurposing some key technical terms, try to communicate as much as possible in plain language.
It might also help to shorten your paragraphs, creating white space on the page for users to rest their eyes. This is especially true for financial statements shared as soft copies. Reading on a screen reduces our attention span and taxes our eyesight. Visual breaks help people process your financial statements.