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In general terms, why are financial statements important? (Alternatively, if you believe they are not important, explain why not.) Solution Financial statement are important in every sense. Companies show they performance on finnancial statements. Investor scan judge how better the management is running business . Banks check the financial health of the company and decide to give loan or not. Regulators keep eye on accounting manipulation and false representation of any made. In a sense financial statements are the tools by which company communicates with the stakeholders and deliver their performance..

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In general terms, why are financial statements important? (Alternatively, if you believe they are not important, explain why not.) Solution Financial statement are important in every sense. Companies show they performance on finnancial statements. Investor scan judge how better the management is running business . Banks check the financial health of the company and decide to give loan or not. Regulators keep eye on accounting manipulation and false representation of any made. In a sense financial statements are the tools by which company communicates with the stakeholders and deliver their performance.

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