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Do³±czy³: 23 Lis 2023 Posty: 1
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Wys³any: Czw Lis 23, 2023 09:04 Temat postu: The financial statements are designed |
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The notes usually describe each item in the balance sheet, profit and loss statement and cash flow statement in more detail. The notes to the financial statements are considered as an integral part of the financial statements. The purpose of the financial statements “ The purpose of the financial statements is to provide information about the financial status,
Performance and changes in the financial status of the C Level Executive Email Lists enterprise, which is useful for the majority of users to make economic decisions. ” The financial statements should be understandable, relevant, reliable and comparable. The reported assets, liabilities, equity, income and expenditure are directly related to the financial situation of the organization. to allow readers who have a reasonable understanding of business and economic activities and accounting and are willing to study information diligently “ to understand. ”2]
Users can use financial statements for different purposes: Owners and managers need financial statements to make important business decisions that affect their continued operations. Then conduct a financial analysis of these statements so that management can understand the data in more detail. These statements are also used as part of the management’s annual report to shareholders. Employees also need these reports when they sign collective bargaining agreements with management (CBA), and when unions or individuals discuss compensation, promotion, and ranking. |
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