Financial reports, Financial Management

Financial Reports:

Each person has their own perception on what a particular financial report should contain, and invariably in what they consider to be the important factors within a particular report.

People within a work team would likely require monthly reporting or operating results to budget (as discussed in management accounting) and the cash flow position of the business.

Owners that are not involved in the day to day running of the business would more likely require monthly reporting of the ongoing performance and liquidity of the business. Profit and Loss reports and Cash Flow Statements would be the relevant reports.

Lenders and creditors are generally more concerned with the financial position of the business.  The Balance Sheet is a snapshot of the financial status of the business at any point in time, would be of most interest to this group of stakeholders.

 

 

Posted Date: 10/1/2012 4:32:19 AM | Location : United States







Related Discussions:- Financial reports, Assignment Help, Ask Question on Financial reports, Get Answer, Expert's Help, Financial reports Discussions

Write discussion on Financial reports
Your posts are moderated
Related Questions
6 KEY STAGES OF INVESTMENT DECISION WITH APPROPRIATE DIAGRAM

State the second element of capital budgeting decision The second element of capital budgeting decision is the analysis of risk and uncertainty. As the benefits from investment

External Financing with Same Cost of Capital and Same Proportions as Existing: If a firm raises new capital funds in the same proportion as at present and at the same specific cos

Wealth Maximization :- It is as well termed as value maximization or Net Present worth maximization. This schema is now universally accepted as an appropriate criterion for making

Engagement Completion Document - A document whereby AUDITOR identifies all significant findings or issues. Document must be as specific as essential in the circumstances for a revi

When a company issues new securities, how do flotation costs affect the cost of raising that capital? While a company issues new securities flotation costs raise the cost of rais

Q. Explain Net Present Value Method? Net Present Value (NPV) Method: - This process measures the Present value of returns per rupee invested. In this method present value of

Q. Can you explain about Overdrafts? Overdraft means an agreement with a bank by which a current account-holder is allowed to withdraw more than the balance to his credit up to

Q. Benefits of Interest rate swaps? Interest rate swaps may provide several benefits to companies including: - The ability to get finance at a cheaper cost than would be p

Securitization has attracted a widespread application of the technique to residential mortgage loan, the easiest class of a financial asset to securitize, and to