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Impact of finance on financial statements?

Finance are the reason for financial statements. Without financial information, financial statements can't be created. Investors use this information to make decisions about investing in a business.


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Businesses regularly put out financial statements such as the income statement, balance sheet and statement of cash flows. When these financial statements are released, they can have large impacts on the business and on the investors of the company. Therefore, it is critical for the business to ensure that the information the statements present is correct. thank you Swarup Dey


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The accounting system that reveals the financial position of a business is?

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Produce CERTIFIED Financial Statements. Most financial institutions that make business loans will require financial statements that are "Certified". Thus a regular Public Accountant would not suffice.