effect of financial reporting on business operations
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I just need an informal response that explains the reasoning behind this. I know it's required to be reported and affects the valuation of a company and forecasting profit but beyond that, I'd like to know the effects this info has on operations specifically.
The question:
In the U.S.A., publicly traded companies must report revenue growth, income growth and earnings per share (EPS) every quarter. What is the effect of this reporting on business operations?
Thanks.
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Solution Summary
This solution discusses the effect of financial reporting on a business operation.
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The key impact of this reporting, apart from fulfilling the statutory obligations, is to make the financial statements of the organization as transparent as possible in front of numerous stakeholders of the organization. Accurate and timely reporting of such ...
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