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Other Fields Homework Help Accounting Topic started by: lindseyw on Jan 18, 2023



Title: The purpose of financial statements contained in annual reports is to
Post by: lindseyw on Jan 18, 2023
The purpose of financial statements contained in annual reports is to

▸ communicate a company's strategic direction and controlling activities to external users.

▸ provide information to external users for decision making.

▸ aid in monitoring day-to-day decisions of operations to ensure the company's strategy is followed.

▸ aid external financial users in analyzing product costs for the company's segments and perform short-term planning.


Title: The purpose of financial statements contained in annual reports is to
Post by: egidrarc on Jan 18, 2023
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