Introduction
Financial statements are the end product of an organization, in which information of the financials and non financial based things would have been recorded accordingly. Succinctly, it could be said that a financial report is basically a piece of document, in which information pertains to the total expenses and revenues should be recorded for different users of the company. There are certain users of the financial statement, which deems extremely important for the organizations.
Some of the major users of the financial statement of a company are the investors, bank’s officials, governmental officials and other important things. Generally, there are ...