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    Current and Historical Financial Statements Important to IBM

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    Why are current and historical financial statements important to IBM?

    © BrainMass Inc. brainmass.com October 10, 2019, 8:31 am ad1c9bdddf

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    Financial statements are important because they explain the performance and value of the company. Investors need these statements to measure a company's worth. Together with other analysis tools, financial statements can help management develop better strategies for improvement and progress.

    According to Porter & Norton in their book Financial Accounting: The Impact on Decision Makers, IBM has an effective internal control structure which consists of the organization's very clearly defined lines of responsibility as well as a comprehensive internal control ...

    Solution Summary

    * the importance of financial statements
    * a brief description of IBM's internal control structure
    * why it is important to inspect the current and previous financial statements of IBM
    * 277 words
    * two non-APA references