What Are The Features Of A Financial Statement?
The question is all about financial statement, it features and the limitations of those features.
Guest
asked 2 years ago
1 Answer - Sort by: Date | Rating
The main features of financial statement are that they are the formal records that illustrate the financial health of an organization. They depict the economic soundness of a company as well as help the management in decision making process and strategize the business direction. However the prime limitation of these financial statements is that they are based on historical cost which may not be the true representation of business. Another limitation is that they statement may not be able to show the economic soundness in different states since the laws governing the formulation of these statements may vary from country to country.
1
0
- Is Egypt Economy Healthy Or Not?
- What Are The Examples Of Macroeconomics?
- What Are The Similarities Between Home Trade And Foreign Trade?
- How To Improve India Gdp?
- What Does Manages Floating Exchange Rate Mean?
- What Is The Scope Of International Economics?
- What Are The Importance Of Having Economic System?
- What's A Senators Term?
- Which Of The Following Is A Good Indicator Of Economic Stability?
- What Was The Shock And Hurt That Caesar Was Going Through?
- Describe What Inflation Is, And What Some If Its Effects On Eastern European Economies Were?
- Why Did The President's Role In Foreign Policy Increass Greatly?
- Why Did The President's Role In Foreign Policy Increassed Greatly?
- What Sports Goods Does Pakistan Export?
- How Much Is St.lucia Money Cost In America?
- Where Does Poverty Occur The Most?
- Why A Healthy And Strong Economy With A High Rate Of Growth Is The Economy Which Has Organized, Well Functioning And Active Financial Markets And Why The Existence Of The Financial Markets Contribute To The Economic Efficiency Of The Country?
- What Effect Does Per Capita Income Have On The Population?
- What Effect Did The Growth Of European Imperialism Have On The United States Attitude Toward Foreign Policy And Expansion?
- What Is Meant For The Term Organic?
- What Was The Sub-saharan Trade?
- What Are The Disadvantages Of Space Tourism?
- Which Countries Explored The New World?
- What Is Engineering Economics?
- Why Do Some Critics Consider Buffer Unethical?
Featured Question
Alternative Questions
Contributors have said that this question
has the same meaning as:
- What Is True And Fair Financial Statement ?
New Comment - Comments are editable for 5 min.