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Meaning of financial reporting
Financial reporting would give a deep insight on the financial information of a company. Management and public can get the complete disclosure on financial aspect. Through the financial reporting it is possible to understand the performance of company over a period of time. Financial reports can either be issued on quarterly and annual basis. Financial reporting and subsections assignment help is ready to come up with information that it is different from management reporting.
In management reporting, the financial information is disclosed to people who are within the company so that proper decision can be taken so that business can gain profit. Financial reports may also include the public company’s annual report. The growing company can certainly maximize the ability to borrow the funds and can allow investing in business.
Purpose of financial reporting
You would be acquainted with two prime purpose of financial reporting:
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