it could be: shareholders (to know about how there company is performing) banks( to provide loans for example) suppliers(to know whether it's worthwhile to supply to this company) potential shareholders (to decide whether it's worthwhile to invest in this company)
Shareholders, creditors and other stakeholders.
the end users of financial information are the customers who would compare even the amount taxed upon products thus have a clear chance to choose the right enterprise in which to purchase
to control the finance activitiies
1. Balance Sheet 2. Income Statement 3. Cash Flow Statement 4. Statement of changes in equity
it enable both internal and external to know that the company worth, the company is heading for losses.
A notice to reader refers to the level of assurance the financial statements have undergone, which is none, thus the report must notify the financial statement users that the financial statements have not been reviewed (higher degree of assurance) or audited (highest degree of assurance).
Notes to financial statement can be considered to be a financial statement since they report the details and additional information that are left out.
no. income statement is a only a statement in financial statements.
The primary objective of independent auditors are rendering opinion report on the financial statement that is the responsibility of client management. The main reason auditors need to be independent are to provide credentional for the client prepared financial statements. Therefore, the users (Bankers, Investers and third party) of the financial statement can have unbiased information about the client financial Statements.
CNet is a resource for a variety of downloads, including financial statement software downloads. This software can also be found at Financial Statement Pro and My Financial Statement.
A statutory financial statement is a financial statement of an insurance company prepared in accordance with statutory accounting standards.
financial comparison statement is a statement showing the trend in which financial figures are changing between two accounting period.
Financial Statement: Financial statement is a instrument used to present a companies financial position. Financial statement complies with balance sheet, cash flow and funds flow statements. Final accounts is the final stage of preparation of financial statement
it should contain statement of comprehesive statement, statement of financial position and statement of cashflows