2. Corporate financial reporting is not only to show the financial
statements of corporate but it includes to highlight important financial
data and to show the application of financial policy.
INTRODUCTION
A good financial reporting will show financial position of company.
Company can save from hidden losses if its accountant highlights
critical points in it.
In this way it is helpful tool to investors for better decision making.
3. Corporate financial reporting is the system of making corporate financial
reports. These financial reports are:
INCOME STATEMENT
BALANCESHEET
CASHFLOW STATEMENT
STATEMENT OF RETAINED EARNING
FINANCIAL POLICIES EXPLANATION
It can be shown :
• At the end of the month
• At the end of each quarter
• At the and of year
MEANING
4. According to . The
objectives of Financial Reporting is to provide information about the
financial position, performance & changes in financial position of an
enterprise that is useful to a wide range of making economic decisions.
The following are the objectives and purpose of financial Reporting:
Providing information to the management
Providing information to the investors
Providing information to various stakeholders
Providing information about economic resources
Enhancing social welfare
OBJECTIVES