What is Financial Reporting? Subject: Business Studies Financial reporting is the financial results of an organization that are released to the public. This reporting is a key function of the controller, who may be assisted by the investor relations officer if an…
What are the Objectives of Financial Reporting? Subject: Business Studies Financial reporting is the process of producing statements that disclose an organization’s financial status to management, investors and the government. The objectives of financial reporting are as follows: To provide useful information to the users…