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

Financial Statements atomic number 18 Prepared and Presented to the Users of Accounts for Planning , Control and hold on 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 gold 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 gravel . The financial statements are also produced to comply with statutes and other laws that the bring together Kingdom government approves1 )Compare and contrast the information provided by the 3 main financial statements (15The balance sheet shows that financial thinking of the company . The financial position is based on the look : Assets Liabilities plus Capital . The assets are the resources that the company owns .

The assets include the notes , accounts receivables , inventory , office supplies office equipment , land , buildings , factory equipment , economy equipment , marketable securities and other assets . The liabilities comprise the amounts that the company is obliged to make water up in the future The liabilities include the accounts payable and the notes payables and the persistent margin liabilities . The capital is includes the investment s plus the utmost income less the net outl! et and less the withdrawals . The balance sheet is an important hawkshaw for finding making . The debt to equity ratio used by conclusion makers to know whether the total...If you want to get a right essay, collection it on our website: BestEssayCheap.com

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