Financial Statements - What're They, Examples, Types, Uses
Financial Statements - What're They, Examples, Types, Uses
Feb 24, 2023
wallstreetmojo.com
How Financial Statements Work Financial statements organize important financial data so stakeholders, including board members, investors, shareholders, creditors, employees, customers, and analysts, can analyze the health of a company's finances. These statements must present complex data in a clear and accessible way for everyone, from CEOs to average consumers. Accountants prepare financial statements following specific accounting rules, like the Generally Accepted Accounting Principles (GAAP)
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