Purchase Solution

Financial Reports and Influence

Not what you're looking for?

Ask Custom Question

Why is it important for business managers to understand the information found on financial reports?

Purchase this Solution
Solution Summary

The expert examines financial reports and influences on business managers. The response addresses the queries posted in 390 Words, APA References.

Solution Preview

390 Words, APA References

Financial reports and its influence

Financial Reports

Financial reports are the end product of the financial accounting process. Financial reports refer to the summarized statements that show the financial position and results of the business activities at the end of the financial year. Financial reports greatly influence the business decisions as they depict the exact position of the company and the requirements for the changes. The parties interested in the financial reports such as the management will be able to evaluate the areas where the changes are required to attract the inventors and the customers. By analyzing the financial report, one can ...

Solution provided by:
Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
Recent Feedback
  • "Thank You so much! "
  • "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
  • "great job. I will need another help from you. "
  • "first class!"
  • "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution
Free BrainMass Quizzes
Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

View More Free Quizzes
Related BrainMass Solutions

  • Budgets and Performance reports, Ethics in Accounting

    250355 How could a person use budgets and performance reports in the decision making process? How could a person use budgets and performance reports in the decision making process? How might ethics influence the accounting decision?

  • Why auditor is interested in management reports

    Your tutorial is 322 words and gives you ideas about many management reports and why auditors might be interested in these non-financial statement reports.

  • Disclosure principle, interim reports, types of opinions

    Disclosure of any financial facts significant enough to influence the judgment of an informed reader. C. All information related to an entity's business and operating objectives is required to be disclosed in the financial statements. D.

  • Financial reports important to stakeholders

    Why are financial reports important to stakeholders? Who are the various stakeholders in a publicly traded corporation, and why is communication of financial reports important to them?

  • Accountants as internal consultants: ethical issues

    Additionally, stockholders, suppliers, and banks also benefit from the financial reports that are generated. E.g. balance sheet, profit and loss account and ledger.

  • Investments, Stocks and Shares

    Although not used, this acquisition gave Ace the ability to apply significant influence to the operating and financing policies of Baskett. Baskett reports assets on that date of $1,400,000 with liabilities of $500,000.

  • WorldCom: types of power bases used

    Ebber's group also restricted distribution of company - level financial reports and prevented sensitive reports from being prepared at all.

  • Business Considerations - Matching

    revenue ---6) Accounting reports must disclose all facts that may influence the judgment of an informed reader ---7) This concept involves the relative size and importance of an item to a firm ---8)The accountant is required to adhere as closely as

  • CPA's and Audit Reports

    The solution discusses CPA's and audit reports.

View More Related Solutions