Introduction
As the business activities are expanding all across the globe, managers find it difficult to surpass the intense competition in the global marketplace. One of the pressures they face these days is the manner in which they communicate the business’ financial performance through the different statements they prepare. This is normally true for financial and accounting managers who are required to report the business activities while complying with global reporting standards. Different users of financial statements of an organization include different stakeholders like investor (both existing and potential), financial institutions, government entities, suppliers/vendors, general public and competitors . They use Continue reading...