The role of financial reporting is to provide information about a company's financial position and performance for use by parties both internal and external to the company. Financial statements are issued by management, who is responsible for their form and content.
The role of financial statement analysis, on the other hand, is to take these financial statements and other information to evaluate the company's past, current, and prospective financial position and performance for the purpose of making rational investment, credit, and similar decisions.
The primary users of financial statements are equity investors and creditors.
|BEBO10: I WOULD LIKE TO THANK YOU FOR THE GREAT EFFORT EXERTED.|
|DS12: What do you mean by that?|
|fmhp: And you DS 12 what do you mean by your question?|
|mary11: lets thank everyone after we pass.|
|jfermin315: thanks mary|