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The purpose of financial statements contained in annual reports is to

lindseyw

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The purpose of financial statements contained in annual reports is to

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.

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Managerial Accounting

Edition: 4^th

Author: Davis

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