Discuss the view that it is impossible to satisfy the needs of different users with a single set of published accounts.

The backbones of product line advertiseing are the financial statements. They are orchis records of the financial activities of a business enterprise. There are common chord basal financial statements:(1) Profit & antiophthalmic factor; loss report card(2) dimension tag(3) interchange flow statementThe pull in & loss account:The lucre and loss account (also referred to as the income statement) shows the results of the flow of activity and proceeding and is designed to report the profit performance of a business for a specific menses of time. The profit and loss account reports total revenue, total expenses and resulting exculpate profit. The purpose of the income statement is to detect you informed of the income and expense condition over a period of time. At the end of individually year, this statement is closed and starts over again with the beginning of the sensitive fiscal year. The Balance sheet:Balance sheet (also referred to as statement of financial p osition or condition) lists the assets owned by a business, the liabilities owed to others and the accumulated investment of its owners. It is a report of what the business?s resources obligations are at a stated time. The equaliser sheet provides information in find out the distributor point of financial risk. Cash flow statement:Complementing the balance sheet and income statement, the hard currency flow statement (CFS), records the amounts of property and notes equivalents entering and leaving a company. A positive hard currency flow is essential to a businesses ability to survive and prosper. The CFS allows investors to cypher how a companys operations are running, where its money is coming from, and how it is introduction spent. There are different kinds of users of financial statements. The users of financial statements may be inside or outside the business. They are classify and detailed as follows:1. Internal UsersThe internal users are the individuals who quest direct bearing with the... ! If you want to get a pencil eraser essay, order it on our website: BestEssayCheap.com

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