0
Should corporate managers be in charge of financial statements?
Wiki User
∙ 14y ago
no. it could be 30% chance!
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Should financial managers concentrate strictly on cash flow?
financial managers
What level of knowledge should users of financial statements have?
What level of knowledge should users of financial statements have?
Have financial statements lost its importance?
No. Financial Statements are the only way to measure financial performance. Perhaps the questioner should elaborate why he/she thinks that financial statements may have lost their relevance.
Why do manager analyze financial statement?
All publicly traded companies and large private entities prepare financial statements periodically. The purpose of creating financial statements is to capture a company's financial position for a given period. This allows users of financial information to analyze and compare the health of one company to another. Financial statements provide assessment of a company's profitability, liquidity and operational efficiency. As a result, there are a number of reasons why managers analyze financial statements. And in my own words, all managers should know the P/L of a period of time, to help understand the needs of their business, the profit or loss and it's effects upon the business ( it may be on a permanent loss therefor it should make the necessary improvements/cuts) . Most managers wish in general to see where they stand with, if the business is profitable, if they need to stop taking some risks, or make new investments, or maybe let go some employees.
What is common financial denominator?
The financial statements should be stated in terms of a common financial denominator?
Should financial statements be capitalised?
Financial statements should not be capitalized. Capitalization refers to recording a cost or expense as an asset on the balance sheet, which can distort the financial position of a company. Financial statements should accurately reflect the company's financial performance and position through proper accounting principles.
Presenting consolidated financial statements this year when statements of individual companies were presented last year is?
an accounting change that should be reported by restating the financial statements of all prior periods presented.
What financial information should a business plan contain?
financial statements (if the business has already been operating)budgetpricingprojections
What are the qualities that financial statements should possess?
Understandability,Consistency,Relevance and Reliability:)
What disclosures should be made in the equity section of the balance sheet rather than in the notes to the financial statements?
define liquidation preferences as disclosures should be made in the equity section of the balance sheet, rather than in the notes to the financial statements
Financial statements and consolidated financial statements?
Consolidated financial statements are financial statements that present the assets, liabilities, equity, income, expenses and cash flows of a parent and its subsidiaries as those of a single economic entity. visit page: cndhearingsolution .co.nz/ear-suction
Why is a regulatory framework necessary?
Regulatory framework is necessary for the preparation of Financial statements. - Financial statements are used by investors, lenders and customers (to name but few) and must be helpful for those stakeholders for making decisions. - Statements should be comparable and provide basic information.
