Financial Statements Are Prepared And Presented To The Users Of Accounts For Planing,control And Decision Making.

Financial Statements be Prepared and Presented to the Users of Accounts for Planning , Control and devastation MakingINTRODUCTIONThe business organizations especially those with stocks listed in the London Stock flip are required to produce the financial statements . The Financial statements are composed of the balance sheet income statement and the statement of specie flows . These financial statements are used by many parties . 4 of the parties that are interested to obtain the financial statements are the customers , the suppliers , the creditors and the companionship . The financial statements are also produced to comply with statutes and other laws that the merge Kingdom government approves1 )Compare and contrast the information provided by the 3 main financial statements (15The balance sheet shows that financial effect of the company . The financial position is based on the facial expression : Assets Liabilities plus Capital . The assets are the resources that the company owns . The assets include the money , accounts receivables , inventory , office supplies office equipment , land , buildings , factory equipment , saving equipment , marketable securities and other assets . The liabilities comprise the amounts that the company is obliged to construct up in the future The liabilities include the accounts payable and the notes payables and the massive margin liabilities . The capital is includes the investments plus the displace income less the net outlet and less the withdrawals . The balance sheet is an important cats-paw for finding making . The debt to equity ratio used by conclusion makers to know whether the total...If you want to get a overflowing essay, collection it on our website: BestEssayCheap.com

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