Does it support the direct or indirect method for cash flows?

The skill primarily supports the indirect method (starting with net income), which is the standard practice for most organizations, but provides context for both.

How does the Flux Analysis feature work?

It calculates dollar and percentage variances between periods and decomposes those changes into drivers like volume, price, mix, and currency effects for detailed commentary.

Does this skill provide certified financial advice?

No. This skill assists with financial statement workflows and formatting but does not provide professional financial advice. All reports should be reviewed by qualified accounting professionals.

Can it handle both US GAAP and IFRS standards?

Yes, the skill includes presentation requirements and common formatting standards that align with both US GAAP (ASC) and IFRS (IAS 1) for comprehensive reporting.

Financial Statements & GAAP Analysis

Name: Financial Statements & GAAP Analysis
Author: anthropics

byanthropics

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8,000

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Productivity & Workflow

Generates GAAP-compliant income statements, balance sheets, and cash flow statements with automated flux analysis and variance commentary.

This skill provides a comprehensive framework for preparing professional financial reports according to US GAAP and IFRS standards. It assists knowledge workers in structuring complex financial data into standardized formats, performing period-over-period flux analysis with defined materiality thresholds, and identifying key business drivers behind financial variances. Whether you are preparing internal P&L reports, running month-end reconciliations, or drafting financial disclosures, this skill ensures consistent presentation and rigorous analytical methodology for all core financial statements.

Key Features

01Step-by-step guidance for period-end adjustments, including accruals, deferrals, and FX revaluations.

02Framework for generating professional narrative commentary based on volume, rate, and mix effects.

038,000 GitHub stars

04Standardized GAAP templates for Income Statements, Classified Balance Sheets, and Indirect Cash Flow Statements.

05Support for complex presentation requirements like ASC 606 revenue disaggregation and ASC 842 lease accounting.

06Automated Flux Analysis methodology with configurable materiality thresholds and variance decomposition.

Use Cases

01Converting raw trial balance data into audit-ready financial statement formats with appropriate classifications.

02Conducting deep-dive flux investigations to identify the root causes of financial trends and non-recurring items.

03Preparing monthly or quarterly management reporting packages with detailed P&L variance analysis.

What are Skills?·How to Install

Install with 🐟 Skill.Fish

npx skillfish add anthropics/knowledge-work-plugins financial-statements

For use in Claude.ai and ChatGPT

Download Skill