Financial Statements - Their Usefulness And The User
- Topics:
- Financial Statements
- Tags:
- Finance,
- Financial,
- Financial Accounting,
- Financial Planning,
- Financial Statement,
- Financial Statements
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Overview: Focus on the usefulness of published financial statements has been at the centre of public debate for over three decades. In 1975 the Corporate Report was published. This was the outcome from the Accounting Standards Steering Committee’s wide ranging discussion paper and in part considered the usefulness of financial statements. The uses of financial statements to different parties such as investors/shareholders, employees, lenders, suppliers, customers, government and the public has been described briefly in this document. However, it should be noted that public sector bodies e.g. Local Authorities and NHS Trusts, together with non-profit making organisations and charities, publish financial statements which are also relevant to wide-based user groups.
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Format: HTML | Date: Apr 2002 | Pages: 1
