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

Financial Statements argon Prepared and Presented to the Users of Accounts for Planning , Control and extirpate MakingINTRODUCTIONThe business organizations especially those with stocks listed in the London Stock exchange are required to produce the financial statements . The Financial statements are composed of the balance sheet income statement and the statement of currency 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 monastic order . The financial statements are also produced to comply with statutes and other laws that the junction Kingdom government approves1 )Compare and contrast the information provided by the 3 main financial statements (15The balance sheet shows that fin ancial sagaciousness of the company . The financial position is based on the aspect : Assets Liabilities plus Capital . The assets are the resources that the company owns .

The assets include the bills , accounts receivables , inventory , office supplies office equipment , land , buildings , factory equipment , carry through equipment , marketable securities and other assets . The liabilities comprise the amounts that the company is obliged to wee-wee up in the future The liabilities include the accounts payable and the notes payables and the bulky margin liabilities . The capital is includes the investments plus the dough incom e less the net outlet and less the withdraw! als . The balance sheet is an important dig for finding making . The debt to equity ratio used by conclusion makers to know whether the total...If you want to get a total essay, collection it on our website: BestEssayCheap.com

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