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well a financial stat is one where we get to know all or possibly most of activities and details ........so managers will take in interest in these statement(trading,p&l,appropriation ,cash flow n balance sheet) to take corrective measures or to forecast for the future.
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∙ 11y ago
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∙ 14y agocustomers are interested in information which confirms the buisness is likely to continue operating in the future. This is important where customers are dependant on the goods/services they buy from the buisness. A customer may have a guarantee or warranty on a kitchen appliance or television they purchased.
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∙ 12y agoinvestors use financial statements to make investment decisions whether to invest in that particular or not by looking at the financial statement.
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∙ 12y agoTo determine whether to trade with the company or not. they want to be use that the company us in a string position to repay anything they owe.
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∙ 11y agobecause they want to know how much profit the company makes and if it is financially stable, and will be able to pay their dividends if they invest by buying shares..
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∙ 11y agoso that they are aware of the financial health of the company they will be investing in.
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∙ 10y agoShareholders are interested in financial statements to see that how company is performing and whether company will be able to earn expected rate of return.
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∙ 15y agocompany profile will display on statement
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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
List anyeight interested parties to a financial statement?
Eight interested parties to financial statement are; 1. Shareholders 2. Suppliers 3. Customers 4. Investors and Lenders 5. Creditors 6. Government 7. Competitors 8. Management
Why do you say that financial statement analysis is management by exception?
why is financial statement analysis part of business analysis? Please answer this question, I'll need it this answer!
What was the achieved aim of the Federal Financial Management Act of 1994?
the Federal Financial Management Act of 1994 extended the scope of the CFO Act by requiring agency-wide financial statements and a consolidated government-wide financial statement
Why are the financial statement users interested in the statement of cash flows?
it enable both internal and external to know that the company worth, the company is heading for losses.
Who is primarily responsible for presenting financial statement information?
Management is initially responsible for preparing financial statements and auditors are responsible for reasonable assurance
The objective of Management is to maximize profits?
It is a true statement that the objective, or goal, of management is to maximize profits. Another term for profit would be financial gain.
Why are commercial banks interested in the financial statement?
Commercial banks are interested in financial statements so they can see that how is business performing so that they can invest money in it as well as if business wants credit from bank is business will be able to return it back or not.
Mission statement of cognizant?
According to the mission statement, cognizant is focused on three segments. They are Financial services, staff augmentation and human capital management services.
Can you consider notes to financial statement to be a financial statement?
Notes to financial statement can be considered to be a financial statement since they report the details and additional information that are left out.
Is income statement same as financial statement?
no. income statement is a only a statement in financial statements.
Who use the financial report?
A company's financial report may be used by the management, the board of directors, and the government. The stockholders may also be interested in the financial report in order to understand the direction the company is headed in.
