Financial Reporting and Analysis
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Financial Reporting and Analysis

538955

  • Ph.D.
  • 2097

Short excerpt:

a) Financial statements information helps the users such as investors, creditors, regulators, and government, to make business and economic decisions. These financial statements should thus report an economic activity without exaggerating it so that the behaviour towards one direction can be influenced towards one direction. Favourism on one party over the other which is intentional should not exist concerning the information on financial reports. The financial statements will henceforth, provide a balanced scorecard to all the parties I relation to the effects of the transactions.

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