Difference between revisions of "Financial Reporting"

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(Created page with "== Definition == '''Financial Reporting''' is the provision (Disclosure) of financial information produced by Financial Accounting activities of a reporting entity. Th...")
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Revision as of 12:45, 6 September 2021

Definition

Financial Reporting is the provision (Disclosure) of financial information produced by Financial Accounting activities of a reporting entity. The purpose of that Reporting is to provide useful (e.g., actionable) information to existing and potential investors, lenders and/or other creditors and stakeholders of the organization.