The Importance of Financial Statements
Public companies are required to publish annual financial statements. Suggest
the major benefits of companies making financial statement information available
to employees. As an employee, discuss what financial information would be of
value to you. Provide at least two (2) specific examples on why the information
is important.
- Briefly explain generally accepted accounting principles (GAAP), and describe why it is important that public companies follow GAAP when preparing financial statements. Also, give your opinion on whether private companies should be required to follow GAAP. Provide a rationale for your opinion.
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Importance of Financial Statements
Every public company is required to always publish their annual financial statements for the public as these statements are usually of importance to many users, and one of the users of the financial statements are employees of an organization. When an organization provides its employees with their financial statements….
APA
371 words
