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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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∙ 13y ago
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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.
Explain why a regulatory framework is 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.
Who are the people that are interested in the financial statements of a business?
the people who are interested in the business financial statement are : -- the BIR -- the business's prospective investors -- the management -- the owner of the company/business hope this answer helps you
What are the roles played by directors in terms of the published statements of a company?
Directors are responsible for overseeing the preparation and approval of a company's published financial statements to ensure they accurately reflect the company's financial position. They also play a key role in ensuring the statements comply with relevant accounting standards and regulations. Additionally, directors are responsible for reviewing the statements for accuracy and providing assurances to shareholders and other stakeholders regarding the company's financial performance.
How might changing one of the financial statements affect the other financial statements?
How might changing one of the financial statements affect the other financial statements?
What are limitations of financial management?
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
What are the limitations of management?
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
Why are dates important on financial statements?
Why are the dates on financial statements important
What are the elements of financial statements?
Five elements of financial statements are as follows:AssetsLiabilitiesEquityIncomeExpense
What are projected financial statements?
Projected financial statements are estimated financial statements before starting of any operating activity for planning purpose.
What are the different type of stakeholders in a business?
Stakeholders in a business include:stock holders or ownersemployeescustomerssuppliersneighborslenders (of financial resources)
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.
