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financial statements are prepared by accountants to submit to the government for taxation purposes.

Q: Who are financial statements prepares for?
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financial statements are prepared by accountants to submit to the government for taxation purposes.

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Stakeholders of the financial statements are:

- Owners:

- Shareholders

- Management

- Suppliers

- Customers

- Employees

- Government

- Lenders

- Financial institutions (investors)

- Society and community

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Dean Michael Mead has written:

'What else you should know about a government's finances' -- subject(s): Accounting, Financial statements, Local finance, Public Finance

'An analyst's guide to government financial statements' -- subject(s): Accounting, Financial statements, Public Finance

'What you should know about your local government's finances' -- subject(s): Accounting, Financial statements, Local finance

'The quick guide to local government financial statements' -- subject(s): Accounting, Financial statements, Local finance

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How might changing one of the financial statements affect the other financial statements?

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Financial Statements Are Derived from Historical Costs. ...

Financial Statements Are Not Adjusted for Inflation. ...

Financial Statements Do Not Contain Some Intangible Assets. ...

Financial Statements Only Cover a Specific Period of Time. ...

Financial Statements May Not Be Comparable. ...

Financial Statements Could be Wrong Du

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