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Yes it describes your business plan and helps you to grow in the proper way. A business plan gives others especially lenders an insight into the business, the strategies and the ROI (Return on Investment) expected along with the allocation of resources. To know more visit (See related Link)
What else can I help you with?
What level of knowledge should users of financial statements have?
What level of knowledge should users of financial statements have?
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.
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.
What is common financial denominator?
The financial statements should be stated in terms of a common financial denominator?
What should the bookkeeper do?
The bookkeeper should accurately record all financial transactions, maintain organized financial records, and reconcile accounts regularly to ensure accuracy. They should also prepare financial statements and reports to provide insights into the business's financial health. Additionally, staying updated on relevant regulations and collaborating with accountants for tax preparation is crucial for compliance and efficiency.
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:)
Should corporate managers be in charge of financial statements?
no. it could be 30% chance!
How much should you pay a CPA by the hour to prepare your financial statements?
In the southwest part of the country you can expect to pay anywhere from $100-150 dollars an hour for services of a C.P.A firm. They work almost exactly like an attorney.
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
