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Financial Reporting Meaning Objectives What Constitutes Financial Reporting
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http://youtube.com/watch?v=LB49NgbTVCE
In this video on Financial Reporting, here we discuss the definition of financial reporting along with its objectives. • 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠? • ----------------------------------------------------- • Financial reporting is the communication of the organization's significant financial data other activities to different stakeholders to help them at any stage in time get the concept of the organization's real economic situation. • 𝐎𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬 𝐨𝐟 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 • -------------------------------------------------------------- • #1 - Financial reporting provides investors, creditors, bankers, public, regulatory authorities and government with economic data about the company. • #2 - Financial reporting helps customers keep informed about the firm's status, thereby building levels of trust. • #3 - Financial reporting provides data on how the business uses different resources at its disposal. • 𝐖𝐡𝐚𝐭 𝐂𝐨𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐞𝐬 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠? • ----------------------------------------------------------------------- • #1 - Financial Statements • #2 - Director’s Report • #3 - Management Discussion and Reporting • #4 - Capital Structure • #5 - Notes to Accounts • #6 - Auditors Report • #7 - Corporate Governance Report • #8 - Prospectus • #9 - Earnings Call • To know more about the 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠, you can go to this 𝐥𝐢𝐧𝐤 :- https://www.wallstreetmojo.com/financ... • Connect with us! • Youtube ► / @wallstreetmojo • LinkedIn ► / mycompany • Facebook ► / wallstreetmojo • Instagram ► / wallstreetmojoofficial • Twitter ► / wallstreetmojo
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