In contrast to the financial statements of publicly held companies, private company financials often include personal expenses of the owner and excess compensation expenses.

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Private company financial statements are often prepared differently from those of publicly held companies. As private companies are not required to adhere to the same reporting standards as public companies, they may not provide as much detail about their financial performance. This lack of transparency can make it difficult for outsiders to properly evaluate the company's financial health. Additionally, private company financials may include personal expenses of the owner and excess compensation expenses, which are typically not included in the financial statements of publicly held companies.

In Contrast to the Financial Statements of Publicly Held Companies