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Importance of Financial Statements
Essay specific features
Written by:
Patricia M
Date added:
May 27, 2012
Level:
University
Grade:
B
No of pages / words:
3 / 837
Was viewed:
4162 times
Rating of current essay:
Essay content:
“Financial statements should be understandable, relevant, reliable, and comparable” (“Financial statements”, 2007, Purpose of financial statements, para.1). They are directed towards people who understand business and economic activities and accounting (“Financial statements”, 2007, Purpose of financial statements, para...
displayed 300 characters
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“Owners and managers require financial statements to make important business decisions that affect its continued operations” (“Financial statements”, 2007, Purpose of financial statements, para.2). “These statements are also used as part of management's annual report to the stockholders” (“Financial statements”, 2007, Purpose of financial statements, para...
displayed 300 characters
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