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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
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.
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.
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.
Which is the last step of accounting as a process of information?
The last step of accounting as a process of information is the preparation of financial statements. This involves summarizing all financial data collected and recorded throughout the accounting period into structured reports, such as the income statement, balance sheet, and cash flow statement. These statements provide stakeholders with insights into the organization's financial performance and position, facilitating informed decision-making. Finally, the financial statements are analyzed and communicated to interested parties, such as management, investors, and regulatory bodies.
Is income statement same as financial statement?
no. income statement is a only a statement in financial statements.
