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Finance Assessed Coursework - Essay Example
Finance & Accounting
Pages 8 (2008 words)
Finance University Finance The primary objective of financial statements is to shed light on the financial position and performance of an enterprise so as to assist the users of financial information in making informed economic decisions…
ct with each other and how the reporters of financial information struggle to strike a balance among these attributes to ensure the usefulness of information for the user. According to the U.S. GAAP Codification of Accounting Standards, financial statements of an enterprise comprise of profit/loss statements, balance sheets, statement of cash flows and an account of stockholders' equity. These statements, combined with additional financial analysis tools and formulae constitute the financial information which in turn serves the needs of the wide range of users of financial information. ...