government interested in a financial statement because of following reasons-
1. for tax assessment
2.for knowing of financial position
3.matching it with other companies to know growth in that company and sector
4. grant subsidy
in order to provide basis for national statistics.
financial statements are prepared by accountants to submit to the government for taxation purposes.
Stakeholders of the financial statements are:- Owners:- Shareholders- Management- Suppliers- Customers- Employees- Government- Lenders- Financial institutions (investors)- Society and community
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
Dean Michael Mead has written: 'What else you should know about a government's finances' -- subject(s): Accounting, Financial statements, Local finance, Public Finance 'An analyst's guide to government financial statements' -- subject(s): Accounting, Financial statements, Public Finance 'What you should know about your local government's finances' -- subject(s): Accounting, Financial statements, Local finance 'The quick guide to local government financial statements' -- subject(s): Accounting, Financial statements, Local finance
How might changing one of the financial statements affect the other financial statements?
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
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
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.
Why are the dates on financial statements important
Five elements of financial statements are as follows:AssetsLiabilitiesEquityIncomeExpense
Projected financial statements are estimated financial statements before starting of any operating activity for planning purpose.
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.