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

fiscal Statements be Prep ard and Presented to the Users of Accounts for Planning , Control and finish MakingINTRODUCTIONThe business organizations especially those with stocks listed in the London Stock take up in are required to produce the financial assertions . The Financial statements are composed of the balance sheet income statement and the statement of change flows . These financial statements are used by many an(prenominal) parties . quadruplet of the parties that are interested to obtain the financial statements are the customers , the suppliers , the creditors and the union . The financial statements are also produced to comply with statutes and former(a) laws that the coupled Kingdom government approves1 )Compare and contrast the information provided by the 3 main financial statements (15The balance sheet shows that financial sic of the company . The financial position is based on the normal : Assets Liabilities plus Capital . The assets are the resources that the company owns .

The assets embarrass the specie , accounts receivables , inventory , office supplies office equipment , land , buildings , pulverization equipment , rake equipment , marketable securities and other assets . The liabilities comprise the amounts that the company is stimulate to tolerate in the future The liabilities include the accounts payable and the notes payables and the hanker marches liabilities . The capital is includes the investments plus the clams income less the net dismissal and l! ess the withdrawals . The balance sheet is an important slam for finding making . The debt to equity ratio used by decision makers to know whether the total...If you want to get a beneficial essay, bon ton it on our website: OrderCustomPaper.com

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