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Accounting
Essay specific features
Written by:
Winifred G
Date added:
November 18, 2010
Level:
University
Grade:
B
No of pages / words:
2 / 556
Was viewed:
10203 times
Rating of current essay:
Essay content:
Hence, a financial organization needs to be in a position to determine which qualitative attributes of these packets add merit to the users’ experience and realign its financial informational strategy towards this path.
The aim of financial statements is to facilitate decision making process at a financial, social and political level so as to assist users with economic assessments as well as enhance the accountability process to the stakeholders of the organization (Collier, 2007, pp...
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Moreover, this practice also augments performance management for both managerial prowess and organisational realignments with the vision and mission of the organisation (Leicester University 2001, pp. 1.1). Although public and private companies are required by law to provide a minimum of financial information to stakeholders the latter do not have any legal right to exact any kind of information that they might require (Dyson, 2001, pp...
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